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2025-09-16 21:32:42

[US Crude Oil Technical Analysis] Looking at the hourly WTI candlestick chart, the Bollinger Bands clearly indicate the market's momentum: the upper band is at 63.84, the middle band is at 63.31, and the lower band is at 62.79. The recent price has broken above the upper band and is trading near 64.00, forming a "close-fitting" pattern with the upper band, indicating strong short-term momentum. Over the past two days, the price has initially built an upward momentum from the low of 61.69, before encountering resistance near 63.95. Today's long-term bullish trend has pushed the price higher again, piercing the previous high. Regarding momentum indicators, the MACD is above zero, with a DIFF of 0.13, a DEA of 0.10, and a bar value of 0.06, indicating moderate expansion. This suggests a predominance of trend-based buying, but the slope is not extreme. If the subsequent bar shortens or even turns green, caution should be exercised for a pullback confirmation following a "false breakout." The relative strength index (RSI) (14) reading is 68.93, approaching the "overbought gate", showing signs of overheating in the short term. Combined with the K-line approaching the upper Bollinger band, it is easy to induce a mean reversion-style technical retracement. In terms of structure and price, if it can stabilize above 64.00 at the hourly closing level and break through with large volume, the bulls will target the space above 64.10, and further targets will be around 64.40. In terms of support, 63.36-63.31 (the dense area near the middle band) is the watershed between bulls and bears. If it falls below, it will open the window for a retracement to 62.89 and 62.79 (the lower Bollinger band); if it breaks below 62.79 and is accompanied by a MACD death cross and the RSI falls back below 50, the short-term trend will shift from the "edge of the rising channel" to the "consolidation-fallback" rhythm.

Real-Time Popular Commodities

Instrument Current Price Change

XAU

3648.95

4.68

(0.13%)

XAG

42.148

0.355

(0.85%)

CONC

63.02

-0.24

(-0.38%)

OILC

67.27

-0.20

(-0.29%)

USD

97.455

0.099

(0.10%)

EURUSD

1.1771

-0.0014

(-0.12%)

GBPUSD

1.3516

-0.0039

(-0.28%)

USDCNH

7.1106

0.0040

(0.06%)

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