- 50:
- 50
- 40:
- 40
- 30:
- 30
Said in the report on Thursday (Month) It came as the OPEC meeting ended with Iran insisting that the country significantly increase production but Saudi Arabia promising not to flood the market with too much oil and trying to repair relations within the organization. It has been expected by the market that it is almost irrelevant to the oil price and that no decision is made. For international dynamic analysis, please add Gu Yunfeng’s prestige.
At present, the market has shifted its focus to the decline in U.S. crude oil production. The recent surge in crude oil prices has been mainly driven by supply disruptions in Canada, Nigeria and Venezuela, which has also contributed to further balancing of the crude oil market in March. The market may refocus on supply from oil-producing countries after a rebound in oil prices could slow the decline in U.S. crude production and put short-term pressure on prices.
The bulls in oil prices reversed to the limit yesterday. Oil prices were close to the mark, but were hindered by the mark and became the end point of the bulls. Several breakthroughs failed to pass this point. We have reason to see that the energy of the bulls is declining, but On the trend, the bulls still exist. Yesterday’s data and meeting results showed that there is no hope of freezing production. Therefore, the bears are stronger than the bulls. From the four-hour chart, the opening trend of the Bollinger Bands is gradually flattening. After falling below the lower track of the Bollinger Bands, the price is greatly supported by it. The rebound is currently oscillating near the upper middle track of the Bollinger Bands. The D indicator speed line of the trading index has dropped the golden cross below the zero axis and runs upwards on the red kinetic energy column. The heavy volume D live broadcast diverges upward.
Asphalt fluctuated around highs on Thursday. Although the Asian and European markets are slightly higher, they are under pressure. The U.S. market quickly retested and held the rebound to close. Neither of the two key positions mentioned yesterday formed a breakthrough. The suppression of the flat head resistance above still exists. The previous trading day's low was also the support near the middle track of the daily chart and it also did not fall. After a dip, it rebounded and closed. The daily chart closes the cross star again. Neither direction nor space came out. The short-term direction remains unclear.
Double cross on daily chart. This leaves a lot of suspense in today's non-agricultural sector. The market is reflecting on the technical picture. The news is reflected in the market. The technical aspects are not yet clear at the moment. We can only use today's news to break the short-term high consolidation. Judging from the consolidation of the past two trading days, it has always maintained a volatile operation above the middle track. This position is also close to the peripheral support. It is not impossible for a slow-rising high to appear after a sideways market. Because the short-term adjustment space does not continue. The daily chart needs further confirmation
The short-term chart is currently in a messy state. Yin and Yang switch too frequently. Repeatedly - came two roller coasters. Dayin retracement. Dayang recovered. Short-period graph Bollinger Bands convergence. The brewing stage. It is expected that there will be a few more shocks in this range. However, it is prudent to wait as long as possible to get out of the range before following up. Focus on the support defense below. It needs to fall below this level to fall further. The shock in Asia and Europe has become a fact. It depends on the US market to choose the direction.