WTI Crude's Bounce Not Enough To Break Bearish Bias, Says RHB
WTI Crude's Bounce Not Enough To Break Bearish Bias, Says RHB
The 50-day SMA line continues its downward trend, signalling potential for further declines. RHB anticipates that WTI Crude could retreat to the next support level of US$64 if the downward momentum continues. If recent bullish action gains traction, the commodity could test resistance at US$72, with the next significant barrier at US$76. 
RHB Investment Bank Bhd (RHB Research) is advising traders to maintain short positions on WTI Crude despite a slight rebound that saw the commodity closing at US$68.43.
RHb投资银行有限公司（RHb研究）建议交易者在WTI原油上保持开空头寸，尽管略有反弹，商品收盘价为68.43美元。
On Wednesday, WTI Crude opened at US$67.98, dipped to a low of US$66.94, and later regained ground, forming a bullish candlestick with a "long lower shadow."
周三，WTI原油以67.98美元开盘，最低跌至66.94美元，随后恢复了部分涨幅，形成了一种 看好的K线 带有 "长下影线" 的k线。
However, the commodity remains below both the 50-day and 200-day Simple Moving Average (SMA) lines, a sign that bearish pressure persists.
The 50-day SMA line continues its downward trend, signalling potential for further declines. RHB anticipates that WTI Crude could retreat to the next support level of US$64 if the downward momentum continues. If recent bullish action gains traction, the commodity could test resistance at US$72, with the next significant barrier at US$76.
50日SMA线继续向下趋势，暗示可能进一步下跌。RHb预计，如果下行势头继续，WTI原油可能回撤至下一个压力位64美元。如果近期的看好行为获得动力，该商品可能测试72美元的支撑位，下一个重要障碍为76美元。
However, RHB Research's technical outlook remains cautious, and they retain a negative trading bias.
然而，RHb研究的技术展望仍然谨慎，他们保持看淡的交易偏向。
The research house recommends that traders keep their short positions initiated on Oct 15 at US$70.58, with a stop-loss set at US$76 to manage risks. The immediate support levels are identified at US$64 and US$60, while resistance stands at US$72, followed by US$76.
该研究机构建议交易者保留在10月15日以70.58美元开空的头寸，并将止损设定在76美元以管理风险。立即的支持位设定在64美元和60美元，而压力位为72美元，随后是76美元。
