#美联储联邦公开市场委员会决议 December 10 Night Oil Market Analysis

Currently, the oil market is in a somewhat awkward position—supply-side pressures are significant, but geopolitical and policy factors are barely holding up the market. News of Iraq’s oil production resumption directly hit the market, causing prices to retreat to around $58.50. Although expectations of Federal Reserve rate cuts and geopolitical uncertainties provide some support, in the short term, supply shocks are the main factor. API inventory data has become a market nerve detector these days—when results are announced, the market tends to shake.

Looking at the candlestick patterns, the daily chart still shows minor fluctuations, with alternating bullish and bearish candles, and prices continually testing the $56 support line. The MACD remains oscillating below the zero line. While the bears are not particularly fierce, the overall trend remains weak. On the 1-hour chart, the situation is even clearer: the moving average system has been pushing prices downward, and the MACD is also running below the zero line, indicating that bearish momentum dominates. The short-term downtrend is very evident, and the weak oscillation at low levels seen in the early session also aligns with this downward continuation.

In terms of trading approach, once a rebound encounters resistance, consider short positions. In the $58.6–$58.7 range, it may be wise to try a small short position. If there’s a reverse breakout, set the stop at $58.9. Targets below are $58.2 and $58.0. $BTC $ETH