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< 3. On Thursday, the International Energy Agency released a monthly report stating that there are signs that the decline in U.S. light crude oil production is intensifying, and the global crude oil glut is expected to basically disappear in the second half of this year.
< 3. Monthly report data show that annual non-oil production is expected to fall by 10,000 barrels per day, which is roughly the same as last month’s report estimate. The annual non-crude oil production forecast remains unchanged at 10,000 barrels per day. Crude oil production among member countries is expected to fall to 30,000 barrels per day in March from 30,000 barrels per day previously.
< 3. Although the decline in U.S. oil production has accelerated and Iran's supply to the oil market has been lower than expected, annual global oil production is still higher than demand.
< 3. Affected by the surge in oil production in the United States, oil prices have fallen sharply since the middle of the year, falling from the high of US dollars per barrel to the lowest of US dollars. Oil prices have climbed back above the U.S. dollar in recent weeks as U.S. oil production declines accelerated and non-oil-producing countries will meet in Doha on October 1 to discuss a freeze in oil output.
< 3. In its monthly report, it stated that if an output freeze agreement is reached instead of a production reduction agreement, the impact on actual crude oil supply will be limited.
< 3. The International Energy Agency believes that the output of Saudi Arabia and Russia has reached or is close to record levels, and there is not much room for growth except Iran, so reaching an agreement will not have a substantial impact on the supply and demand situation in the first half of the year. .
< 3. Asphalt market analysis:
< 3. Judging from the four-hour chart, the price fell back under pressure after touching the upper limit of the Bollinger Band, showing a concussive downward trend, with the lower support level at the Bollinger Band. The upper line of the Bollinger Band is on the upper track. The upper pressure is on the upper line of the Bollinger Band. The indicator in the attached picture is the dead cross blue energy column, which increases the volume. The dead cross diverges downward. Overall, the short-term trend is dominant during the day. In the short-term, there is a callback. The trend is still bullish. In terms of operation, it is recommended to focus on long positions at low levels.
< 3. Asphalt operation suggestions:
< 3. , 3-Short, stop loss 3 points, target
< 3. ,-Go long, stop loss 3 points, target< br/>