WTI Crude Oil 4-Hour and Daily Chart Analysis

1. 4-Hour Level (Short-Term Trend)

• Candlestick and Trend: Crude oil remains in a strong bullish alignment on the 4-hour chart, with prices moving above the moving average line, recently reaching a high of 110.72. The current candlestick shows a high-level doji and a bearish candle correction, indicating selling pressure at high levels, and short-term consolidation or correction phase.

• Moving Averages and Volume: Short-term moving averages (MA5/MA10) maintain an upward slope, with prices supported above the moving averages; recent rally accompanied by significantly increased volume (e.g., 352.82K), indicating strong capital inflow, but volume at high levels shows signs of contraction, caution needed for waning momentum.

• Indicator Signals:

◦ MACD: DIF (3.43) > DEA (2.71), red bars continue but shorten, bullish momentum still present but weakening;

◦ KDJ: K (84.98), D (87.12), J (80.70), all three lines at high levels with a bearish crossover downward divergence, short-term correction pressure is high;

◦ CCI: 107.40, near overbought zone, indicating a pullback may be needed.

2. Daily Level (Mid-Term Trend)

• Candlestick and Trend: Daily chart shows a stepwise oscillating upward trend, with a healthy bullish trend. Several consecutive bullish candles have broken previous highs, currently stabilizing above 108, in the main upward wave.

• Moving Averages and Volume: Moving average system (MA5/MA10/MA20) is in a bullish alignment, with prices trading above the averages; during the rally, volume has periodically increased, indicating active mid-term capital participation.

• Indicator Signals:

◦ MACD: DIF (1.93) just crossed above DEA (0.01) to form a golden cross, with initial red bars, indicating mid-term bullish momentum restart;

◦ KDJ: K (87.62), D (82.17), J (98.51), J value has entered a severe overbought zone, not yet a death cross but could turn at any time, triggering a correction;

◦ CCI: 175.57, far exceeding +100 overbought line, warning of short-term overheating risk.

3. Overall Judgment

• Short-term (4-hour): High-level bearish crossover in KDJ + price showing signs of stagnation at high levels, short-term correction or sideways consolidation likely, support around 105-106 (near MA10), resistance at new high of 110.7.

• Mid-term (Daily): Trend remains bullish, but indicators are severely overbought, high risk of chasing the top. If the correction does not break below 105, the bullish trend continues; if volume declines and breaks below support, a deep correction to 100-102 is possible.

• Trading Suggestions: In the short term, consider reducing positions or lightly shorting on rallies (stop-loss above 111); in the medium term, wait for a correction to the moving average support levels to go long again, with strict stop-loss settings. #WTI原油