Crude Oil Market Trend Analysis

From the market trend perspective, crude oil is showing a short-term pattern of rising and then falling under pressure: the price first rose to a high point of 58.739, but failed to maintain the upward trend, instead fluctuating downwards, currently falling back to around 58.639. The short-term moving average system has formed a downward turning shape, and short-selling pressure is beginning to show at high levels.

From the analysis of key points, the lower level of 58.587 serves as the support of the previous drop, and it is also the support resonance point of the range 58.564-58.587. If this position is effectively broken, crude oil may further test the 58.50 integer level. The upper level of 58.739 becomes an immediate resistance point. If it can regain this position, it may alleviate the short-term pressure pattern and is expected to attempt to test the 58.80 range again.

From a technical cycle perspective, the hourly chart shows that the price has broken below the short-term moving average support, and the MACD momentum bar is also showing signs of leaning towards the bearish side. The short-term weak fluctuation pattern has not changed yet. In terms of operation, caution is needed regarding the risk of a pullback after the rise, and it is advisable to wait for clearer direction before making more prudent layouts.

In terms of operation strategy, the focus is on buying on dips, with targets from 58.30-58.16 to 58.8-59.2#原油 .