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Of course, no agreement was reached in the end, and the member countries continued to accelerate production at record levels. Now, with an informal meeting scheduled for next month, one trader said he remains bullish on crude oil no matter what form of agreement is reached.
In terms of natural gas, natural gas showed a downward trend during the US trading session yesterday. The daily line directly broke through the support of the Bollinger Band mid-track and then explored the support of the lower track. It closed over the Yin line. Currently, the lower Bollinger track extends to the first line, and the short-term moving average shows a downward trend. At present, we are paying attention to the daily moving average support line. The attached chart maintains dead cross and heavy volume. The hourly natural gas has continued to close after filling the gap. The Bollinger Bands have opened downwards. The moving averages are arranged in a short position. The indicators need to be repaired. For operation, Kunpeng Dijin recommends placing short orders at high positions. Mainly, and at the same time, make defensive long orders to prevent profit taking. Today, focus on the resistance and resistance at the top, and focus on the support and support below.
If natural gas breaks the position and goes down, radicals can follow up with a small position, stop the loss, and look at the target
. If natural gas stabilizes strongly, they can go long, stop the loss by a point, and the target is a profit