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投資銀行有限公司（RHb研究）建議交易者在WTI原油上保持開空頭寸，儘管略有反彈，商品收盤價爲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."
週三，WTI原油以67.98美元開盤，最低跌至66.94美元，隨後恢復了部分漲幅，形成了一種 看好的K線 帶有 "長下影線" 的k線。
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線繼續向下趨勢，暗示可能進一步下跌。RHb預計，如果下行勢頭繼續，WTI原油可能回撤至下一個壓力位64美元。如果近期的看好行爲獲得動力，該商品可能測試72美元的支撐位，下一個重要障礙爲76美元。
However, RHB Research's technical outlook remains cautious, and they retain a negative trading bias.
然而，RHb研究的技術展望仍然謹慎，他們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.
該研究機構建議交易者保留在10月15日以70.58美元開空的頭寸，並將止損設定在76美元以管理風險。立即的支持位設定在64美元和60美元，而壓力位爲72美元，隨後是76美元。
