#原油 12.16 Midday Crude Oil Insights
The core contradiction of oversupply and demand has not been alleviated, and the market's confidence in a rebound in oil prices is insufficient. Funds continue to lean toward short positions, providing fundamental support for crude oil's turbulent downward movement, with 56 support becoming a key watershed in the long-short game;
The daily chart shows minor fluctuations and gradually tests the key support at 56. The hourly chart started a turbulent downward rhythm from the high point of 58.003, with the current price at 56.286 approaching the 56 mark. The moving average system shows a standard bearish arrangement, and the downward trend is clear;
The hourly MACD is operating at a low level below the zero axis, and the green bars continue to release. Indicators show that the low point of 56.160 has only seen weak buying support. The Bollinger Bands are opening downwards, and prices are weakly operating along the lower track, confirming that bearish momentum is still being strongly released.
Trading Suggestions: Light short positions around 56.6-56.8
Defense: 57.3
Target: 56.0, 55.8
