12.11 Crude Oil Afternoon Trend

After the crude oil price fell to the low level of 57.982, it has stopped declining and rebounded, currently quoted at 58.019. Initial bullish signals for a medium-term bottoming out are beginning to appear.

From a technical perspective, 57.982 has formed strong support. After the price rebound, the short-term moving averages have shifted from a decline to a flat trend and signs of a golden cross have emerged. The strength of bullish candlesticks within the low volatility range is increasing, and the previous downward momentum is gradually weakening, indicating a trend shift from weak to strong.

Operational Suggestions

Around 57.8-57.6, target 58.5-58.7#原油