Cloud Comfort 6.22 Crude Oil Afternoon Review
Middle Eastern geopolitical conflicts are easing at this stage, with substantial progress in related negotiations. The geopolitical supply risk premium that previously boosted oil prices is rapidly declining. Currently, terminal demand is showing seasonal weakness and inventory accumulation issues, leading to a weak support on the consumer end. However, the overall global crude supply-demand landscape remains intact. Major consuming countries maintain high commercial inventories, refinery operations have slightly decreased, and crude imports are stable, ensuring short-term demand is adequately covered. Though the supply-demand gap has narrowed, the supply side remains generally restrained, showing no signs of large-scale increases.
After a continuous decline from the highs, the current support level is holding strong, with multiple candlestick formations showing long lower shadows, indicating a clear exhaustion of bearish selling pressure at this point. The MACD lines are still below the zero axis, but the green bars are consistently shortening, and the fast line is turning upwards, gradually forming a bullish divergence structure, with downward momentum continuing to wane. The RSI has rebounded from the oversold zone to around 40, not entering deep stagnation, showing signs of bullish intent.
Trading Strategy
Enter long positions around the 78.4 line, add to positions on a pullback to 77.2, targeting the upper range at 81.5 and 84 <a>#原油 </a>
Middle Eastern geopolitical conflicts are easing at this stage, with substantial progress in related negotiations. The geopolitical supply risk premium that previously boosted oil prices is rapidly declining. Currently, terminal demand is showing seasonal weakness and inventory accumulation issues, leading to a weak support on the consumer end. However, the overall global crude supply-demand landscape remains intact. Major consuming countries maintain high commercial inventories, refinery operations have slightly decreased, and crude imports are stable, ensuring short-term demand is adequately covered. Though the supply-demand gap has narrowed, the supply side remains generally restrained, showing no signs of large-scale increases.
After a continuous decline from the highs, the current support level is holding strong, with multiple candlestick formations showing long lower shadows, indicating a clear exhaustion of bearish selling pressure at this point. The MACD lines are still below the zero axis, but the green bars are consistently shortening, and the fast line is turning upwards, gradually forming a bullish divergence structure, with downward momentum continuing to wane. The RSI has rebounded from the oversold zone to around 40, not entering deep stagnation, showing signs of bullish intent.
Trading Strategy
Enter long positions around the 78.4 line, add to positions on a pullback to 77.2, targeting the upper range at 81.5 and 84 <a>#原油 </a>