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News
Early morning Beijing time: Announcement The data unexpectedly reduced oil prices, ending their previous decline and rebounding sharply to intraday highs. However, the market is not optimistic that the market outlook will continue to rise. The impact of Brexit on demand and the expansion of production by shale oil producers have added uncertainties to the oil market.
Thursday (Sunday), Beijing time: The U.S. crude oil inventories announced unexpectedly decreased by 10,000 barrels in the week to January 1, far lower than the expected decrease of 10,000 barrels. The previous value was a decrease of 10,000 barrels. Wednesday: U.S. Energy Information will announce that official crude oil inventories are expected to decrease by 10,000 barrels this week. The previous value was a decrease of 0.000 barrels. After the data was released, U.S. oil cloth rose in the short term and hit an intraday high.
As the truest portrayal of data, data naturally has its fundamental significance. So the data at night is also very likely to release bullish news. Therefore, the data at night is very likely to be bullish news for oil prices. However, the fundamentals supporting oil prices are relatively At this time, oil prices are relatively weak and have limited power to rise. Therefore, as long as there are fundamentals to promote the weakening of oil prices, it is inevitable. Secondly, the strengthening of the US dollar has also put considerable pressure on oil prices. Therefore, even if the data releases bullish news, the increase is not expected to be too large. Of course, The focus is still on tonight's data.
Chen Yanjing concluded: The current crude oil market is full of controversy over whether the return of oil prices to the dollar will lead to a recovery in shale oil production. Although producers will not rush to expand production, Pioneer Natural Resources' report indicates that at least some shale oil Oil producers are interested in expanding production. The main trend tonight is that the results of the data are not the only reference indicators
Crude oil operation analysis
The hourly chart shows that the price has continued to decline, but it is affected by the support of the trend line. At present, there is room for continued decline. The downward potential of the big D dead cross can slow down, and the stochastic indicator turns upward. I don’t know whether the short position will end, but it will be difficult to reverse the decadence in a short time. Asphalt operations maintain high altitudes and do not blindly chase and wait for intraday rebounds. First, the trend line is close to the strong support below. Second, the uncertainty of the news does not rule out the possibility of a counter-trend rebound. Therefore, Chen Yanjing recommends that in operation, be short first and be sure to do a good job in risk control. Guard against unknown risks.
Operational Suggestions
Ninggui Asphalt Operational Suggestions:
, it is recommended to go long near the stop loss point target
, it is recommended to go short near the stop loss point target.