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📅 2025-04-04 · 紐約WTI原油 · 單品種深度報告

本報告來自 MacroTerms.com

數據截止: 2025-04-04

WTI Crude (CL=F) Deep Dive | 2025-04-04

WTI crude collapsed 7.41% on April 4, 2025, to close at 61.99, marking a decisive break below the 20-day and 5-day trend with a 5-day decline of 10.63. The session's low chPos of 13.00% suggests the close occurred near the bottom of the daily range, while ATR expanded to 2.14, reflecting elevated volatility. The 20-day change turned negative at -7.53, and the 5-day change deteriorated sharply from +3.43 on March 31 to -10.63, indicating a rapid shift in momentum. The pivot P for the day is 63.11, with R1 at 65.78 and S1 at 59.33. The close below P and below S1? Actually close 61.99 is above S1 59.33 but below P 63.11. The 5-day moving average is not provided, but the 5-day change suggests a steep downtrend. The 20-day change is -7.53, confirming a bearish medium-term shift. The COT data, though dated 2026, shows net long positioning at 106,279 contracts as of 2026-09-15, with a weekly change of -5,452, indicating recent long liquidation. However, the data is not aligned with the current date and should be treated as stale. The fundamental backdrop is not detailed in the data block, but the price action suggests a demand shock or supply surge. The lack of a 7-day calendar means event risk is unknown. Overall, the technical picture is bearish, with the market in a high-volatility downtrend. Key support lies at S1 59.33, and resistance at P 63.11 and R1 65.78. The 20-day change of -7.53 and 5-day change of -10.63 highlight the severity of the sell-off. Traders should watch for a potential bounce if S1 holds, but the trend remains down. The ATR of 2.14 implies daily ranges of over $2, requiring wider stops. The chPos of 13.00% indicates the close was in the lower quartile of the day's range, a bearish signal. The volume of 559,638 is elevated, confirming selling pressure. In summary, WTI is in a sharp downtrend, with momentum and volatility favoring further downside unless a catalyst emerges. The COT data, while stale, shows net longs still substantial, leaving room for further liquidation. The absence of calendar events adds uncertainty. We maintain a bearish bias but note oversold conditions may trigger short-covering rallies.

往期研報封存

2026-10-09:單品種WTI Crude (CL=F) Deep Dive | Bullish Rebound on Tightness | 2026-10-09 查看 2026-10-08:單品種WTI Crude (CL=F) Deep Dive | Bearish on Inventory Build & Weak Demand | 2026-10-08 查看 2026-10-07:單品種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WTI Crude (CL=F) Deep Dive | 2026-09-29: Backwardation Meets Macro Crosswinds | 2026-09-29 查看 2026-09-28:單品種WTI Crude Deep Dive | Backwardation Squeeze vs. Hormuz Headline Risk | 2026-09-28 查看 2026-09-27:單品種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WTI Crude (CL=F) Deep Dive | 2026-09-26: Backwardation Meets Demand Doubts | 2026-09-26 查看 2026-09-25:單品種WTI Crude (CL=F) Deep Dive | 2026-09-25 | Backwardation vs. Macro Headwinds | 2026-09-25 查看 2026-09-24:單品種WTI Crude (CL=F) Deep Dive | 2026-09-24 | Backwardation vs. Macro Headwinds | 2026-09-24 查看 2026-09-23:單品種WTI Crude (CL=F) Deep Dive | 2026-09-23 | Backwardation vs. Backwardation | 2026-09-23 查看 2026-09-22:單品種WTI Crude (CL=F) Deep Dive | 2026-09-22: Backwardation Meets Demand Fears | 2026-09-22 查看 2026-09-21:單品種WTI Crude (CL=F) Deep Dive | 2026-09-21: Backwardation Meets Volatility | 2026-09-21 查看 2026-09-20:單品種WTI Crude (CL=F) Deep Dive | 2026-09-20 | Backwardation vs. Demand Fears | 2026-09-20 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。