Crude Oil Weekly Market Outlook: Weak Pattern Unchanged, Short-Term Attention to Technical Rebound

On the weekly level, the downtrend in crude oil continues to solidify, with extremely limited rebound momentum, and the overall pattern still leans towards weakness.

On the daily chart, the price has broken below previous key support levels, and the moving average system is simultaneously turning downwards, indicating that the short-term downward space has not been fully released. However, the 4-hour chart continuously recorded long lower shadows, releasing signals of diminishing downward momentum, necessitating vigilance for a technical rebound that may occur at any time in the market.

Operational Strategy Reference

If the price rebounds to the 58-58.1 range and is significantly pressured, a light short position can be taken, with a stop-loss set at 58.8.

If it falls to the 56-56.1 range and stabilizes, a light long position can be taken, with a stop-loss set at 55.3.