본 리포트 제공 MacroTerms.com

데이터 기준일: 2026-10-23 · 결제 기준: 거래소 결제가(베이징 시간 15:00 종가, 전일 결제 대비)

Crude Oil (SC2612) Deep Analysis | Bullish, Inventory Drawdown and Night Session Breakthrough | 2026-10-26

Direction: Bullish. The core logic lies in the consecutive four-week drawdown of EIA crude oil inventories, which are lower than the five-year average for the same period, coupled with the INE night session breakout with increased volume, indicating active long position building. Technically, the price has broken above all key moving averages. Last night, the international Brent market surged past the $110 mark, driving an upward linkage between international and Chinese markets. Focus on the effectiveness of support near the pivot level 720.73 for the next trading day. On the risk side, be vigilant that the OVX volatility index is at the 70th percentile, which is high, and the potential macro disturbance from the Fed rate decision. If the price breaks below the pivot S1 level of 707.47, the short-term bullish logic will be invalidated, and stop-loss exit should be considered.