WTI Crude Bulls Push Higher, But Analysts Warn Of Strong Resistance Ahead
WTI Crude Bulls Push Higher, But Analysts Warn Of Strong Resistance Ahead
Although a bullish reversal pattern has formed, RHB Research maintains a negative trading bias until WTI Crude breaks the US$76 resistance level. Traders are advised to keep short positions initiated at the close of 15 October, when the price was US$70.58, with a stop-loss set at US$76.WTI Crude continued its upward momentum on Tuesday, climbing US$0.23 to close at US$69.39. The commodity began the session at US$69.01, fluctuating between a high of US$69.69 and a low of US$68.45 before closing at its daily peak.
西德克薩斯中質原油週二繼續保持上漲勢頭，上漲0.23美元，收於69.39美元。該大宗商品開盤價爲69.01美元，在69.69美元的高點和68.45美元的低點之間波動，然後收於每日峯值。
Despite the "higher high" closing, which followed a recent Bullish Engulfing candlestick, RHB Investment Bank Bhd (RHB Research) maintains a cautious outlook.
儘管在最近的看漲吞沒K線之後收盤上漲了 「更高的高點」，但RhB投資銀行有限公司（RhB Research）仍保持謹慎的前景。
The bullish momentum is still in question, as the Relative Strength Index (RSI) remains below 50%, indicating soft upward momentum. The outlook could improve if WTI Crude surpasses the 50-day SMA line and continues its rise, but RHB Research anticipates strong resistance at US$72, as this level has historically proved challenging for a bullish trend in a bearish market setup.
看漲勢頭仍然存在疑問，因爲相對強弱指數（RSI）仍低於50％，這表明上升勢頭疲軟。如果WTI原油突破50日均線並繼續上漲，前景可能會改善，但RhB Research預計強勁阻力位在72美元，因爲歷史證明，在看跌的市場環境中，這一水平對於看漲趨勢具有挑戰性。
Although a bullish reversal pattern has formed, RHB Research maintains a negative trading bias until WTI Crude breaks the US$76 resistance level. Traders are advised to keep short positions initiated at the close of 15 October, when the price was US$70.58, with a stop-loss set at US$76.
儘管已經形成了看漲的反轉格局，但在WTI原油突破76美元的阻力位之前，RhB Research一直保持負面的交易偏見。建議交易者保留10月15日收盤時開始的空頭頭寸，當時的價格爲70.58美元，止損設定爲76美元。
Immediate support is at US$64, followed by US$60, while the first resistance is seen at US$72, with a higher resistance at US$76.
直接支撐位在64美元，其次是60美元，而第一個阻力位在72美元，更高的阻力位在76美元。
