WTI Crude Targets US$68 Support Amid Intensifying Bearish Momentum
WTI Crude Targets US$68 Support Amid Intensifying Bearish Momentum
RHB Research maintains its negative trading bias, advising traders to retain short positions initiated on Oct 15 at the close of US$70.58. To manage trading risks, the stop-loss is set at US$72.The WTI Crude oil price extended its decline on Tuesday, losing US$0.63 to settle at US$70.08. According to RHB Investment Bank Bhd (RHB Research), the commodity opened lower at US$70.61 and dropped to an intraday low of US$69.18 before recovering slightly to close above the 50-day SMA line.
WTI原油價格在週二持續下跌，減少了0.63美元，收於70.08美元。根據RHb投資銀行（RHb Research）的報道，該商品開盤價格爲70.61美元，盤中觸及69.18美元的日內低點後稍微回升，收於50日SMA線以上。
The formation of a second consecutive bearish candlestick indicates re-accelerating bearish momentum, supported by the downward-trending RSI. This signals potential continuation of negative price actions in the upcoming sessions.
連續形成的第二根看淡K線表明看淡動能正在加速，這得到下行RSI的支持。這預示着未來幾個交易時段負面價格走勢可能會繼續。
Should WTI Crude breach the 50-day SMA line, it is expected to attract fresh selling pressure, with prices potentially retracing to the immediate support at US$68 and subsequently to US$64.
如果WTI原油突破50日SMA線，預計會吸引新的賣壓，價格可能回落至68美元的直接壓力位，然後再到64美元。
RHB Research maintains its negative trading bias, advising traders to retain short positions initiated on Oct 15 at the close of US$70.58. To manage trading risks, the stop-loss is set at US$72.
RHb Research維持其看淡的交易偏向，建議交易者保留在10月15日以70.58美元收盤時建立的開空頭寸。爲了管理交易風險，止損設置在72美元。
Key Levels to Watch:
關鍵關注點：
Support: Immediate support at US$68, followed by the lower support at US$64.
Resistance: Overhead resistance at US$72, with a secondary level at US$76.
壓力位：直接壓力位在68美元，下面的壓力位在64美元。
支撐位：上方支撐位在72美元，次一級支撐位在76美元。
RHB Research remains cautious, anticipating further downside pressure for WTI Crude.
RHb Research保持謹慎，預期WTI原油將面臨進一步下行壓力。
譯文內容由第三人軟體翻譯。
