This wave of crude oil行情 is really quite fierce. WTI crude oil has risen for four consecutive days, with a total increase of over $4 per barrel. On Tuesday, it once surged to a nearly two-month high of $60.50 per barrel, then pulled back slightly, now oscillating around $60.00 per barrel. The reason behind this is quite clear—the market is worried about the situation in Iran. As a major global oil producer, any supply issues from Iran will alter the entire global oil supply and demand landscape, directly pushing up oil prices.

From the daily chart, after rebounding from $54.80 per barrel, crude oil entered a consolidation zone. Recently, the trend has been three consecutive bullish candles, successfully breaking through the moving average system, and the medium-term trend has shifted from a single direction to a consolidation pattern. Here, it’s important to watch the $60.50 per barrel level, which is the first resistance in the medium-term rebound. If it cannot break through, crude oil will likely continue to weaken and oscillate, with no clear trend opportunities.

The hourly chart is much clearer. After breaking through the $60 mark, the price has been rising steadily, with a very standard bullish moving average alignment, indicating a strong bullish tone. The MACD is running high above the zero line, with obvious bullish momentum, and the short-term upward signal is clear. Both subjective and objective judgments point in the same direction, so the probability of crude oil continuing to rise is quite high.

**Trading Reference**
Entry zone: Buy around 60.30
Stop loss: 59.50
Target: 61.50