WTI Crude Bulls Push Higher, But Analysts Warn Of Strong Resistance Ahead
WTI Crude Bulls Push Higher, But Analysts Warn Of Strong Resistance Ahead
Although a bullish reversal pattern has formed, RHB Research maintains a negative trading bias until WTI Crude breaks the US$76 resistance level. Traders are advised to keep short positions initiated at the close of 15 October, when the price was US$70.58, with a stop-loss set at US$76.WTI Crude continued its upward momentum on Tuesday, climbing US$0.23 to close at US$69.39. The commodity began the session at US$69.01, fluctuating between a high of US$69.69 and a low of US$68.45 before closing at its daily peak.
WTI原油在週二持續上漲，漲幅爲0.23美元，收於69.39美元。該商品在69.01美元開盤，波動範圍在69.69美元的高點和68.45美元的低點之間，最終收於日內最高點。
Despite the "higher high" closing, which followed a recent Bullish Engulfing candlestick, RHB Investment Bank Bhd (RHB Research) maintains a cautious outlook.
儘管收盤價創下了"更高的高點"，並且跟隨了近期的看好吞沒k線，RHb投資銀行有限公司（RHb Research）對市場前景保持謹慎。
The bullish momentum is still in question, as the Relative Strength Index (RSI) remains below 50%, indicating soft upward momentum. The outlook could improve if WTI Crude surpasses the 50-day SMA line and continues its rise, but RHB Research anticipates strong resistance at US$72, as this level has historically proved challenging for a bullish trend in a bearish market setup.
看好的動能仍然存在疑問，因爲相對強弱指數（RSI）仍低於50%，顯示出上升動能疲軟。如果WTI原油突破50日均線並繼續上漲，前景可能會改善，但RHb Research預計在72美元將面臨強支撐位，因爲這個水平在看淡市場環境中歷史上對看好趨勢來說一直是個挑戰。
Although a bullish reversal pattern has formed, RHB Research maintains a negative trading bias until WTI Crude breaks the US$76 resistance level. Traders are advised to keep short positions initiated at the close of 15 October, when the price was US$70.58, with a stop-loss set at US$76.
儘管形成了看好的反轉模式，但RHb Research保持看淡的交易偏好，直到WTI原油突破76美元的支撐位。建議交易者保持在10月15日收盤時以70.58美元開啓的開空頭寸，並設定76美元的止損位。
Immediate support is at US$64, followed by US$60, while the first resistance is seen at US$72, with a higher resistance at US$76.
立即的壓力位是64美元，其次是60美元，而第一個支撐位在72美元，更高的支撐位在76美元。
譯文內容由第三人軟體翻譯。
