Oil Price Outlook: WTI Crude Oil Price Action Builds Bear Flag

WTI Crude Oil Price Outlook Talking Points:

WTI原油价格展望谈话要点：

• WTI crude oil prices have pushed back-below the 60-handle, fading-out some of last weeks strength as the supply disruption from Tropical Storm Barry appears to be less-than-feared.

  WTI原油价格已经回落 - 由于热带风暴巴里的供应中断似乎不那么令人担忧，因此在60手柄之下，淡出了上周的部分强势。

• The support/resistance zone that spans from 59.64-60.00 held as resistance from late-May and into July. But last weeks bid helped prices to test-above that zone temporarily. With sellers posing another push below, bearish potential has come back into oil markets.

  支撑/阻力区域从59.64-60.00跨越5月下旬至7月的阻力位。但上周的出价帮助价格暂时高于该区域。随着卖家在下方再次推动，看跌潜力已经回到石油市场。

• DailyFX Forecasts are published on a variety of markets such as Gold, the US Dollar or the Euro and are available from the DailyFX Trading Guides page. If you‘re looking to improve your trading approach, check out Traits of Successful Traders. And if you’re looking for an introductory primer to the Forex market, check out our New to FX Guide.

  DailyFX预测发布在各种市场，如黄金，美元或欧元，可从DailyFX交易指南页面获得。如果您希望改善您的交易方法，请查看成功交易者的特征。如果您正在寻找外汇市场的入门介绍，请查看我们的外汇新指南。

Crude Oil Crosses Back-Below 60

原油交叉 - 下面60

WTI crude oil prices have re-crossed the psychological 60 level and last week‘s bounce is now being faded as supply disruption from Tropical Storm Barry hasn’t been as bad as feared. While that theme helped to push the bid last week with Oil prices testing above a big area of resistance around the 60-handle, the cessation of that fear has allowed prices to begin dropping again, re-opening the door for bearish strategies. This was discussed last Friday, noting the doji that had built around Thursday price action with another showing on the daily chart for Friday. Yesterday saw a strong gust of selling that pushed prices below the key 59.64-60 zone.

WTI原油价格重新突破心理60水平，由于热带风暴巴里的供应中断，上周的反弹现在正在消退并没有像担心的那么糟糕。虽然这个主题有助于推动上周的出价，油价测试超过了60手柄的大阻力区域，但这种恐惧的停止使得价格再次开始下跌，重新打开看跌策略的大门。这是在上周五讨论的，并指出围绕周四价格行动建立的十字星与周五日线图上的另一个显示。昨天看到一股强劲的抛售推动价格跌破关键的59.64-60区域。

WTI Crude Oil Daily Price Chart

WTI原油每日价格走势图

Chart prepared by James Stanley

James Stanley编制的图表

{13} James Stanley编制的图表 {13}

Short-Term Bear Flag Builds

短期熊旗建设

The large portion of this week‘s losses came in mid-day during yesterday’s US session. After setting a top at 60.91 early in New York trade, sellers pounced to push prices down to a fresh short-term low of 59.16. Since then, a retracement has started to show and this takes-on the appearance of a short-term bear flag formation, as prices have so far stuck into a bullish channel since that retracement began.

本周大部分亏损在昨天的美国会议期间中午。在纽约交易初期创下60.91的顶部后，卖家突然将价格推低至新的短期低点59.16。从那时起，回撤已经开始显现，并且这接受了短期熊旗形成的出现，因为自回撤开始以来价格一直处于看涨通道。

WTI Crude Oil Hourly Price Chart

WTI原油每小时价格走势图

Chart prepared by James Stanley

{14}

Below current price action, target potential exists around 58.47, followed by an area of confluence that runs 57.07-57.47

{14}

WTI Crude Oil Four-Hour Price Chart

WTI原油四小时价格走势图

Chart prepared by James Stanley

James Stanley编制的图表