On Tuesday (April 15), during the Asian session, U.S. crude oil traded around $61.60 per barrel. Oil prices closed slightly higher on Monday. Data showed that the Asian giant's crude oil imports rebounded sharply in March, but the gains were limited by concerns that the trade war could weaken global economic growth and curb fuel demand.

Since the beginning of this month, Brent and U.S. crude oil have fallen by about $10 per barrel. As the trade war between the world's two largest economies intensifies, the market has lowered its oil price expectations. The Organization of Petroleum Exporting Countries (OPEC) on Monday lowered its global oil demand growth forecast for 2025 for the first time since December, citing the impact of data received in the first quarter and the trade tariffs announced by the United States.

From the perspective of the 4-hour level of crude oil, it is currently in a volatile market. Although crude oil has stopped falling and rebounded recently, it has not formed a key breakthrough, and the future trend of going south has not changed. The daily line closed with a negative cross star, and there are signs of a volatile rebound in the short term, but the overall trend is bearish.

After the daily level of crude oil reached a high of 62.7, the market rose and fell. After the daily low reached 60.53, the market consolidated. The daily line finally closed at 61.6 and the market closed in a long-legged cross star pattern with equal upper and lower shadows. After the end of this pattern, today's short stop loss at 62.5 is 63, and the target is 61.2 and 60.6 and 60 and 59.5-59.2 support to exit the market and prepare to buy.

Disclaimer: The article is contributed by the market analyst from Bitop market observation team. The content is solely for personal opinions and sharing. The analysis is time-sensitive and provided for reference and discussion only. It does not constitute any investment advice. The market is risky, so investing should be done cautiously.