1.16 Brother Liang's Daily Wealth — Crude Oil Market Analysis

Geopolitical premium is rapidly fading, and oil prices are returning to fundamental-based pricing. The current supply and demand structure has not seen substantial improvement, and supply pressures along with demand concerns will continue to suppress the upward space of oil prices. After a short-term spike, a significant pullback is expected.

Technical Analysis:

On the daily chart, the structure appears oscillating but slightly bullish, though upward momentum is weakening. On the hourly chart, there is a rebound pattern, but volume is insufficient, and the key resistance zone (60.7-61.0) exerts a clear suppressive effect.

Trading Suggestions:

Short Opportunities: Pay attention to the resistance performance in the 60.7-61.0 area. If a clear rejection signal appears, consider a light short position. Stop-loss reference: above 61.5. Downside targets are sequentially 59.0-58.5 and 58.0-57.5.

Long Opportunities: If the price stabilizes after falling back to the 58.0-58.3 support zone, consider a light long position. Set stop-loss below 57.5, with targets around 59.0-59.5.

(Note: The market carries risks; trading should be cautious. The above analysis is for reference only and does not constitute investment advice.)