2025-12-10 12:23:12

#美联储启动新一轮降息周期 Crude oil faces a short-term situation: ongoing supply-side pressure and prices repeatedly testing support levels

Why is oil prices under pressure? News of Iraq's oil field resumption directly hit the market, pushing prices up to $58.50. Geopolitical risks and the potential Fed rate cuts could have provided a support, but both were overshadowed by supply shocks. API inventory data has been especially sensitive these days; as soon as the data is released, the market can reverse. Everyone is now closely watching and hesitant to act rashly.

How to interpret technical signals? On the daily chart, bearish and bullish candles alternate; prices have been testing the $56 support level repeatedly. The MACD remains below the zero line; while the bearish momentum isn't extremely fierce, the trend is still downward. On the 1-hour chart, it's even clearer—the moving average system firmly suppresses the price from rising, and the MACD continues below zero. The morning's narrow-range low-volume fluctuations fully align with a continuation of the decline.

How to operate? Short on rebounds when facing resistance, focusing on the $58.6-$58.7 range, try a cautious approach first. Place stop-loss at $58.9. Target levels are $58.2 and $58.0. $BTC $ETH

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AirdropBlackHole

· 21h ago

The recent spike in oil prices has indeed been disappointing. Iraq's resumption of production directly caused a sharp drop, and the good news from the Federal Reserve's rate cut has been completely overshadowed.

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RebaseVictim

· 21h ago

It's Iraq causing trouble again... This wave of oil prices has indeed been suppressed by supply-side factors. Even rate cut expectations can't save it, and the bears are still dancing.

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LightningLady

· 21h ago

Iraq's return to production is truly remarkable. Once supply loosens, oil prices plunge straight down, and the bearish momentum simply can't be stopped.

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MetaDreamer

· 21h ago

Iraq's resumption of production directly crushed the oil prices; this supply-side move is really aggressive.

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rekt_but_vibing

· 21h ago

Iraq's production restart was immediately disrupted, the supply side just collapsed... API data has been really sensitive these days, maybe the market is overreacting.

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HypotheticalLiquidator

· 21h ago

Iraq's return to production directly breaks through support, and even $58 can't hold. This is the terrifying aspect of the supply side. Inventory waves keep hammering down; now anyone daring to hold a heavy position must beware of liquidation risks. The moving averages firmly resist overhead, and MACD is crouching below the zero line. The bearish momentum is very steady. Whether to go long at $58.7 or continue downward, the mistake in timing leads to rapid liquidation.

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SimpleGetRich

· 22h ago

#The Fed initiates a new interest rate cut cycle. Short-term outlook for crude oil: continued supply-side pressure and repeated testing of support levels Why is oil under pressure? News of Iraq's oil field resumption directly hit the market, pushing prices to $58.50. Geopolitical risks and the possible rate cut by the Federal Reserve could have provided some support, but both were overshadowed by supply shocks. API inventory data has been particularly sensitive these days—right after each release, the market quickly reverses. Everyone is watching closely and hesitant to make moves. How to interpret technical signals? Daily charts show alternating red and green candlesticks, with prices repeatedly testing the $56 support level. MACD remains below the zero line, indicating a bearish trend that's not as aggressive but still ongoing. On the 1-hour chart, the picture is clearer—the moving average system is tightly pressing down on the price, preventing it from rising, and MACD stays below the zero line. The morning's narrow-range low-volume oscillation perfectly matches the continuation of a downtrend. How to trade? Short on rebounds when facing resistance, focusing on the $58.6–$58.7 zone, testing cautiously. Place stop loss at $58.9. Target prices are $58.2 and $58.0. $BTC $ETH

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