On January 8th, the crude oil market continued its downward trend. In the short term, oil prices have been firmly locked within a oscillating downward channel, with technical indicators showing weakness. The series of attempts to break through resistance levels have all failed, and the downward trend seems to be almost certain.

The bearish camp continues to strengthen. Market news from the supply side is beginning to ferment—expectations of global crude oil oversupply in 2026 are gradually expanding. Signals from U.S. policy and the accelerated entry of Venezuelan crude into the market are reinforcing the market's bearish logic. From fundamentals to technicals, the selling force is hard to shake.

Key levels are emerging. On the 1-hour chart, the 55.0-55.5 range has become a short-term support; on the 4-hour chart, focus is on the 57.5-58.0 resistance zone. The 55 mark has clearly become a critical battleground for bulls and bears.

The trading strategy is quite clear: consider gradually building long positions around the 55.5 level; if the price continues to decline to 55.0, look for opportunities to add to positions. Set a unified stop-loss at 6 points, with targets in the 56.5-57.0 range. But one thing must be clarified—before the price truly stabilizes, do not aggressively chase the order, to prevent potential accelerated declines if support is broken.