#数字货币市场洞察 December 9 Crude Oil Market Technical Overview
At the Asian market open, US crude oil was around $58.85/barrel, plunging over 2% on Monday. Several factors dragged down the market: Iraq’s West Qurna-1 oil field is advancing production increases (currently about 600,000 barrels per day, targeting 670,000 barrels per day by 2026), plus expectations of Ukraine peace talks are brewing, making the market worry about a loosening on the supply side. However, there are also forces supporting prices—after the CPC terminal in the Black Sea was hit, only berth 1 is operating, causing a short-term supply bottleneck, and India continues to import Russian oil, which provides some support. In the long term, IEA estimates show that by 2026, global daily crude oil may have a surplus of nearly 4 million barrels, indicating a long-term trend toward a looser supply-demand relationship.
From a technical perspective, on the daily chart, prices are fluctuating and testing around the strong support level of $56, with MACD entangled below the zero axis. If this level is breached, be alert for a possible start of a medium-term decline. On the 1-hour chart, although there is still wide fluctuation and no breakdown yet, MACD shows bullish momentum is waning, so after intraday consolidation, the probability of a downward move increases.
Key levels to note: Resistance above is at $60.0–$61.0, while support is at $57.5–$56.5 and the strong support at $56.0.
Trading strategy: focus on shorting on rallies, only go long on dips and rebounds. Regardless of the approach, strictly control position sizing and stop loss.
Short position setup: There is pressure in the $60.0–$60.5 range; start building shorts here, set stop loss above $61.0, first target at $58.0–$57.5, and if it breaks, continue to $56.5–$56.0.
Long position setup: If it stabilizes at $57.0–$57.5, you can go long. Don’t place stop loss too far below $56.0; the target is in the $59.5–$60.0 range. $BTC $ETH $BNB