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📅 2025-03-19 · 紐約WTI原油 · 單品種深度報告 舊覆蓋策略

本報告來自 MacroTerms.com

數據截止: 2025-03-19

WTI Crude (CL=F) Deep Dive | 2025-03-19

WTI crude closed at 67.16 on 2025-03-19, up 0.39% on the day but down 0.77 over five days and 7.04 over twenty days, reflecting a persistent downtrend. The daily pivot sits at 67.00 with R1 at 67.79 and S1 at 66.37, while ATR of 1.79 signals elevated volatility. The 20-day decline of 7.04 indicates that selling pressure has been dominant, yet the modest daily gain and a close above the pivot suggest nascent stabilization. The five-day change of -0.77 is less severe than the twenty-day drop, hinting that the pace of decline may be moderating. Volume has been declining from 268,590 on 2025-03-13 to 73,077 on 2025-03-19, which could reflect exhaustion of the recent move or reduced participation. The COT data, though dated for 2026, shows net long positioning of 106,279 contracts as of 2026-09-15, with a weekly change of -5,452, indicating some long liquidation. However, the absolute net long remains substantial, suggesting that speculative sentiment is not overwhelmingly bearish. The absence of a near-term economic calendar leaves the market driven by technicals and macro flows. In this deep dive, we analyze price action, fundamentals, positioning, cross-asset relative value, sentiment, seasonality, scenario analysis, trading strategies, and the data calendar. Our core view is that WTI is in a fragile stabilization phase, with a bullish bias contingent on holding above 66.37, but the medium-term trend remains down. We recommend a cautious long with tight stops and a short on rallies to resistance, while monitoring inventory data and geopolitical risks.

往期研報封存

2026-10-10:單品種WTI Crude (CL=F) Deep Dive | Bullish on Backwardation & Tightness | 2026-10-10 查看 2026-10-09:單品種舊覆蓋策略WTI Crude (CL=F) Deep Dive | Bullish Rebound on Tightness | 2026-10-09 查看 2026-10-08:單品種舊覆蓋策略WTI Crude (CL=F) Deep Dive | Bearish on Inventory Build & Weak Demand | 2026-10-08 查看 2026-10-07:單品種舊覆蓋策略WTI Crude (CL=F) Deep Dive | 2026-10-07 — Buy the 20-Day Channel Floor, Backwardation Intact | 2026-10-07 查看 2026-10-06:單品種舊覆蓋策略WTI Crude (CL=F) Deep Dive | 2026-10-06 — Bearish: 20-Day Channel Floor at 88.06 Is the Line | 2026-10-06 查看 2026-10-05:單品種舊覆蓋策略WTI Crude (CL=F) Deep Dive | 2026-10-05 — Long into Backwardation, 88.28 Invalidates | 2026-10-05 查看 2026-10-04:單品種舊覆蓋策略WTI Crude (CL=F) Deep Dive | 2026-10-04 — Bullish Above 88.28, Backwardation vs Soft Tape | 2026-10-04 查看 2026-10-03:單品種舊覆蓋策略WTI Crude (CL=F) Deep Dive | 2026-10-03 — Long Into Backwardation, 88.28 Invalidation | 2026-10-03 查看 2026-10-02:單品種舊覆蓋策略WTI Crude (CLX26) Deep Dive | 2026-10-02 — Long into Backwardation, 89.88 Pivot Is the Line | 2026-10-02 查看 2026-10-01:單品種舊覆蓋策略WTI Crude (CL=F) Deep Dive | 2026-10-01 — Buy the Backwardation, 88.68 Is the Line | 2026-10-01 查看 2026-09-30:單品種舊覆蓋策略WTI Crude (CL=F) Deep Dive | 2026-09-30 — Backwardation and Product Scarcity Support a Constructive Bias | 2026-09-30 查看 2026-09-29:單品種舊覆蓋策略WTI Crude (CL=F) Deep Dive | 2026-09-29: Backwardation Meets Macro Crosswinds | 2026-09-29 查看 2026-09-28:單品種舊覆蓋策略WTI Crude Deep Dive | Backwardation Squeeze vs. Hormuz Headline Risk | 2026-09-28 查看 2026-09-27:單品種舊覆蓋策略WTI Crude (CL=F) Deep Dive | 2026-09-27 — Backwardation vs. a 4.9% ATR: Buy the S1 Retest | 2026-09-27 查看 2026-09-26:單品種舊覆蓋策略WTI Crude (CL=F) Deep Dive | 2026-09-26: Backwardation Meets Demand Doubts | 2026-09-26 查看 2026-09-25:單品種舊覆蓋策略WTI Crude (CL=F) Deep Dive | 2026-09-25 | Backwardation vs. Macro Headwinds | 2026-09-25 查看 2026-09-24:單品種舊覆蓋策略WTI Crude (CL=F) Deep Dive | 2026-09-24 | Backwardation vs. Macro Headwinds | 2026-09-24 查看 2026-09-23:單品種舊覆蓋策略WTI Crude (CL=F) Deep Dive | 2026-09-23 | Backwardation vs. Backwardation | 2026-09-23 查看 2026-09-22:單品種舊覆蓋策略WTI Crude (CL=F) Deep Dive | 2026-09-22: Backwardation Meets Demand Fears | 2026-09-22 查看 2026-09-21:單品種舊覆蓋策略WTI Crude (CL=F) Deep Dive | 2026-09-21: Backwardation Meets Volatility | 2026-09-21 查看

⟠ 本月策略回測表現

每日早報 AI 觀點逐日跟蹤結算 · 止損/目標客觀撮合

* 回測基於日報交易觀點逐日結算:止損/目標先到為準,窗口末按收盤平倉。過往表現不代表未來收益。