#MSCI未排除数字资产财库企业纳入范围 【Crude Oil Daily Under Pressure, Short-term Rebound as Main Trend】
The US and Venezuela have reached an oil import agreement, sharply increasing expectations of oil supply surplus. WTI crude oil prices are under heavy pressure, repeatedly testing near three-week lows, remaining below the $56 integer level.
Looking at the daily chart, after rebounding from around $54.80, the price fell back again, with the daily candlestick forming a large bearish candle. The moving average system has completely turned bearish, forming a clear bearish dominance pattern. The medium-term trend is downward, and this downward momentum is unlikely to change in the short term.
Switching to the 1-hour chart, the price tested lows again and made new lows, but the decline was significantly less than the previous day—indicating that the downward momentum is weakening. The moving averages remain in a bearish arrangement, and the short-term trend still points downward; MACD is oscillating below the zero line, with the bears still dominating.
Overall, today's oil price is likely to experience a small rebound first, but this is only a technical rebound, and the price will continue to push downward afterward.
**Trading Idea**: Short around 56.85, stop loss at 57.20, target at 55.50. The current price is 56.35, so you can go short directly. $BTC $ETH $XAU
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CryptoComedian
· 14h ago
Laughing and then crying, it's another "technical rebound" trick. Whoever goes down this time will lose everything, even their underwear.
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GasFeeCrier
· 16h ago
It's the old story of oversupply again; oil prices will continue to fall. I've already set a short order at 56.85. I'll exit on a rebound.
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TokenomicsTherapist
· 01-08 02:50
56.85 short position I took long ago, just waiting to see the real move at 55.50... Venezuela's move is really brilliant, the oversupply expectation directly caused a market crash.
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ForkItAllDay
· 01-08 02:50
Oil prices are really going to drop this time. Once Venezuela gets involved, there's oversupply, and 56 yuan can't hold it down... Let the technical rebound happen, anyway it's still going down afterward. Short positions are set up.
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SerumDegen
· 01-08 02:42
ngl the supply glut narrative is giving "capitulation pump" vibes... shorting into the bounce feels like expensive copium when whale watching says otherwise tbh
#MSCI未排除数字资产财库企业纳入范围 【Crude Oil Daily Under Pressure, Short-term Rebound as Main Trend】
The US and Venezuela have reached an oil import agreement, sharply increasing expectations of oil supply surplus. WTI crude oil prices are under heavy pressure, repeatedly testing near three-week lows, remaining below the $56 integer level.
Looking at the daily chart, after rebounding from around $54.80, the price fell back again, with the daily candlestick forming a large bearish candle. The moving average system has completely turned bearish, forming a clear bearish dominance pattern. The medium-term trend is downward, and this downward momentum is unlikely to change in the short term.
Switching to the 1-hour chart, the price tested lows again and made new lows, but the decline was significantly less than the previous day—indicating that the downward momentum is weakening. The moving averages remain in a bearish arrangement, and the short-term trend still points downward; MACD is oscillating below the zero line, with the bears still dominating.
Overall, today's oil price is likely to experience a small rebound first, but this is only a technical rebound, and the price will continue to push downward afterward.
**Trading Idea**: Short around 56.85, stop loss at 57.20, target at 55.50. The current price is 56.35, so you can go short directly. $BTC $ETH $XAU