#美联储降息 12.12 Night Crude Oil Technical Analysis

The easing of geopolitical tensions has alleviated the previous safe-haven buying pressure, which is the main reason for the recent phase of oil price correction. Although the low point of 56.846 attracted some bottom-fishing funds, the overall supply and demand landscape remains loose, with oil-producing countries' production cuts less than market expectations. These fundamental bearish factors still exist, severely limiting the rebound space. Institutions are cautiously bullish on crude oil.

From a technical perspective, the daily oscillation pattern remains unchanged. The hourly chart shows a weak rebound starting from the low of 56.846, encountering resistance at 58.00 after breaking through short-term moving averages, then falling back. Currently, it is oscillating near 57.322. The previously formed resistance line from the previous decline is still valid, and there is no clear upward trend in the short term, just consolidation within a range.

Interesting indicator details: indeed, there is buying support around 56.846, but immediate selling appears near 58.00. After a golden cross below the MACD zero line, the red histograms quickly shrink. Although the moving averages are touched, they turn downward, indicating the rebound lacks strength and the bearish pressure remains.

Strategy reference: Consider light short positions around 57.8-58.0, with a stop loss at 58.5, and targets at 57.5 and 57.0. $BTC $ETH