WTI(20251002)Today's Analysis

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WTI(20251002)Today's AnalysisCrude Oil FuturesNYMEX_DL:CL1!GoldenBigAgeMarket News: At 8:15 PM Beijing time on Wednesday, U.S. ADP employment figures fell by 32,000 in September, the largest drop since March 2023 and the third decline in four months. This was below market expectations of 50,000 jobs, and the previous reading was revised down from 54,000 to -3,000. After the data was released, U.S. Treasury yields fell, and spot gold saw little short-term movement. Traders increased their bets on two more Federal Reserve rate cuts this year. Interest rate swaps tied to the date of the upcoming Fed meeting indicate an expected rate cut of 46 basis points by year-end, compared to a 42 basis point estimate before the data was released. Technical Analysis: Today's Buy/Sell Levels: 61.81 Support and Resistance Levels: 63.26 62.72 62.36 61.25 60.90 60.36 Trading Strategy: If the price breaks above 61.81, consider entering a buy position, with the first target price at 62.36. If the price breaks below 61.25, consider entering a sell position, with the first target price at 60.90