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原油价格在周二持续下跌，减少了0.63美元，收于70.08美元。根据RHb投资银行（RHb Research）的报道，该商品开盘价格为70.61美元，盘中触及69.18美元的日内低点后稍微回升，收于50日SMA线以上。
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.
连续形成的第二根看淡K线表明看淡动能正在加速，这得到下行RSI的支持。这预示着未来几个交易时段负面价格走势可能会继续。
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线，预计会吸引新的卖压，价格可能回落至68美元的直接压力位，然后再到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维持其看淡的交易偏向，建议交易者保留在10月15日以70.58美元收盘时建立的开空头寸。为了管理交易风险，止损设置在72美元。
Key Levels to Watch:
关键关注点：
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.
压力位：直接压力位在68美元，下面的压力位在64美元。
支撑位：上方支撑位在72美元，次一级支撑位在76美元。
RHB Research remains cautious, anticipating further downside pressure for WTI Crude.
RHb Research保持谨慎，预期WTI原油将面临进一步下行压力。
