Yesterday, crude oil continued to face technical pressure, and the short-term trend has fallen into a clear oscillating downward pattern. The key level of 55 is now becoming a battleground for both bulls and bears.
From a fundamental perspective, the bears hold the advantage. The global crude oil market in 2026 is expected to see supply growth, with US policy signals clearly indicating this trend. Additionally, Venezuela's crude oil exports are accelerating, further highlighting a medium- to long-term oversupply situation. This provides solid support for the bears. Technically, the market is showing signs of weakness; each rally to the resistance zone is met with a retreat, and the downward trend has become inevitable.
Specifically: - On the 1-hour chart, pay attention to the support zone at 55.0-55.5. - On the 4-hour chart, watch the resistance area at 57.5-58.0.
In terms of trading strategy, consider gradually building long positions around 55.5, and add to positions if the price pulls back to the key level of 55.0. Set a stop loss at 6 points, with targets in the 56.5-57.0 range. However, before the trend stabilizes clearly, avoid blindly chasing the rally and be cautious of rapid declines that may occur if support levels break. Maintaining caution is the most important at this moment.
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EthMaximalist
· 01-09 19:03
The bears are so fierce, supply is about to explode... Feels like once it breaks 55, it will drop straight down. I don't dare to take this long position.
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down_only_larry
· 01-09 02:29
55 is about to break again. I damn well told you not to buy the dip.
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TradFiRefugee
· 01-08 17:10
55 is really annoying, rebounding and dying here... The bears do have the upper hand, but the article's statement feels a bit too absolute.
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AirdropF5Bro
· 01-08 04:01
Breaking below 55, just wait to cut losses. I dare not touch it anymore.
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Degen4Breakfast
· 01-08 04:01
55 broke through and directly fell to 50, with rebounds being weak... This bearish trend is really quite fierce.
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POAPlectionist
· 01-08 04:00
Position 55 is really crucial; it feels like the bears are just waiting for the moment to break through.
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Web3Educator
· 01-08 03:50
ngl the 55 level sounds way too clean, everyone and their grandma is watching that lol
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GateUser-addcaaf7
· 01-08 03:36
This position at 55 really needs to hold, or it will break lower again... The bears are quite fierce.
Yesterday, crude oil continued to face technical pressure, and the short-term trend has fallen into a clear oscillating downward pattern. The key level of 55 is now becoming a battleground for both bulls and bears.
From a fundamental perspective, the bears hold the advantage. The global crude oil market in 2026 is expected to see supply growth, with US policy signals clearly indicating this trend. Additionally, Venezuela's crude oil exports are accelerating, further highlighting a medium- to long-term oversupply situation. This provides solid support for the bears. Technically, the market is showing signs of weakness; each rally to the resistance zone is met with a retreat, and the downward trend has become inevitable.
Specifically:
- On the 1-hour chart, pay attention to the support zone at 55.0-55.5.
- On the 4-hour chart, watch the resistance area at 57.5-58.0.
In terms of trading strategy, consider gradually building long positions around 55.5, and add to positions if the price pulls back to the key level of 55.0. Set a stop loss at 6 points, with targets in the 56.5-57.0 range. However, before the trend stabilizes clearly, avoid blindly chasing the rally and be cautious of rapid declines that may occur if support levels break. Maintaining caution is the most important at this moment.