Live Updates > Live Update Details
2025-12-16 09:41:41
【Short-term trading advice for US crude oil: downward trend, sell on rallies】 (1) Reasons for analysis: The continuous decline in oil prices is mainly due to the market's general expectation that inventories in the US and major global consumption regions will increase, weakening the support for oil prices; on the other hand, the ongoing efforts to ease the conflict between Russia and Ukraine have gradually diminished the previous geopolitical risk premium. In the short term, the fundamentals are bearish, and we should continue to pay attention to changes in inventory data. Technically, the price has broken through the support of the trading range, and there is a possibility of accelerated downward movement in the short term. (2) Key areas to watch: geopolitical situation, trade sentiment, inventory data, US non-farm payroll data (3) Resistance: 57.00, 57.20, 57.50 (4) Support: 56.30, 56.00, 55.50
