#原油 Evening crude oil strategy on December 12

The progress of Russia-Ukraine diplomacy suppresses the geopolitical risk premium, becoming the core reason for the recent decline in oil prices. Although the low of 56.846 triggered technical bottom-fishing funds to enter, the global crude oil supply and demand remain loose, and the OPEC+ production cuts have not met expectations, which continues to weigh on the fundamentals and limits the rebound height. Funds remain cautious about long positions in crude oil;

The minor oscillation on the daily chart has not changed, with the 1-hour chart showing a weak rebound from the low of 56.846. After breaking through the short-term moving average, it encountered resistance and fell back at the 58.00 level. The current price of 57.322 has returned to the lower boundary of the oscillation range, and the suppression of the previous downtrend remains evident, with no unilateral trend in the short term, focusing on range consolidation;

The indicators on the 1-hour chart show that there is short-term fund support at the low of 56.846, but selling signals appear near 58.00. The MACD quickly shrinks the red bars after a golden cross below the zero axis, and although the short-term moving average is above the level, it is turning down, indicating insufficient rebound momentum, and the bearish selling pressure still exists.

Light short position near 57.8-58.0

Defense: 58.5

Target: 57.5, 57.0#美联储降息 #加密市场观察 #美联储FOMC会议 $BTC $ETH