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📅 2025-04-23 · 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: 2025-04-23

WTI Crude (CL=F) Deep Dive | 2025-04-23: Bearish Momentum Intensifies

WTI crude closed at 62.27 on 2025-04-23, down 3.17% on the day, with the 20-day change at -9.75% and 5-day change at +1.53%. The session high was 62.89 (pivot P), with R1 at 64.25 and S1 at 60.91. ATR stands at 3.69, indicating elevated volatility. The close below the pivot and the negative 20-day trend suggest bearish momentum, though the positive 5-day change hints at a potential short-term bounce. The COT data, though dated 2026-09-15, shows net long positioning at 106,279 contracts, down 5,452 week-over-week, reflecting recent long liquidation. The US dollar and interest rate expectations remain key fundamental drivers, while geopolitical risks and OPEC+ supply policy add uncertainty. Seasonally, crude demand typically strengthens into summer, but macroeconomic headwinds may cap upside. Our base case is for range-bound trading between 60.91 and 64.25, with a bearish bias. We recommend a short position on rallies to 63.50-64.00 with a stop above 64.50 and a target of 60.91, and a long position on a break above 64.25 with a stop below 63.50 and a target of 65.50. Risk management is crucial given the elevated ATR.

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。