#数字资产生态回暖 12.10 Technical scan of crude oil market

What are the two major heart problems in the current market? On the one hand, the global economic recovery is slowing down, which directly affects the consumption prospects of crude oil; On the other hand, OPEC+'s production cut commitments have not been implemented stable, and the two forces have pushed down oil prices. However, the Fed's interest rate direction tomorrow morning is worth paying attention to - if it releases a moderate signal, risk asset sentiment may rebound, which can give oil prices a little support in the short term.

Looking at the technicals of the 1-hour chart: the trend is clearly weakening. The price runs below the middle Bollinger band, the upper and lower tracks open their mouths downward, and the bears completely control the field; The moving average system forms a short arrangement, and the short-term moving average continues to suppress the price rebound; The MACD is below the zero axis, and although the bars have narrowed a bit, they have not yet seen any signs of a real reversal. The support of 58.003 in front is temporarily there, but the momentum of the rebound is obviously insufficient.

On the whole, oil prices are likely to fluctuate in the short term.

The key support is around 58.00, and if it holds here, oil prices will fluctuate back and forth in this range; once the bottom is broken, the next target level is around 57.80.

In terms of trading ideas, you can lay out long orders on dips in the range of 58.1-58.3 in the near future, remember that you must strictly stop losses, and don't let the sudden break market trap you. $BTC $ETH $BNB