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Why is crude oil so big yesterday? According to reports and sources in the crude oil industry, Iran is sending a positive signal and the country may support joint actions to boost the crude oil market. The source also said that although Iran has not decided whether to join the new joint operation, it seems to be showing more willingness to reach understandings with other oil-producing countries. Iran sent a signal that it may support joint action in the oil market. The oil market rebounded at a low level and exceeded the US dollar. US oil rose above the US dollar mark in the short term, and Brent oil rose above the psychological mark of round digits. After the news was released, oil prices briefly rebounded above the US dollar, with the market believing that this move may help limit production and rebalance the oversupply situation. Market Analysis The largest increase was expected to decrease by 0.0 million barrels. Cushing crude oil inventories increased by 0.0 million barrels, but gasoline inventories unexpectedly fell by 0.0 million barrels. U.S. crude oil futures prices took a short-term dive in electronic trading, erasing some of the day's gains.
People’s Analysis and Forecast
The actual oil price has been rising since the beginning of the month. It is completely impossible for you to say that such a huge increase has not come down at all. The market needs to be balanced, and rising and falling is inevitable. From the market point of view, the negative data in the morning is an obvious signal. According to past experience, the pairs are very similar. It is expected that inventories will also increase in the evening, and the data will also be negative. When inventory data increases, it indicates that the crude oil market is oversupplied and the market consumption power is insufficient to digest the excess crude oil, which will cause oil prices to fall. On the other hand, if inventory data decreases, it indicates strong demand for crude oil, boosting production and thus causing oil prices to rise.
Japanese crude oil bitumen has been in a downward trend. Last night, Iran sent a positive signal, saying that it may support OPEC's joint actions to support the oil market, causing oil prices to rise sharply and break through the US dollar mark. This piece of news has provided some support for oil prices in the short term, but the general trend is still bearish, and the dollar above is a strong pressure. Judging from the daily chart, it closed at a small positive line yesterday, and the price fell below the daily moving average support for the first time since the previous six trading days. The moving average system began to turn upward, and the red energy column increased in volume, and the daily Bollinger upper track is still in a suppressed state. As can be seen on the four-hour chart, the Bollinger Bands have closed, and the oil price has fallen between the middle and lower rails. The moving average indicators have suppressed the downward trend of oil prices and have fallen back. The moving average indicators and the moving average indicators have both turned upward. The short-term trend is still bullish, which supports the upward trend of the market. The market rises relatively quickly, so it falls relatively quickly. Pay attention to the moving average support line below the hourly mid-rail, and the short-term resistance above it, followed by the upper rail line. The hourly line continues to increase volume, and the market indicators are also turning downwards into the oversold zone. Therefore, the hourly line is still weak, and short-term resistance is on the line.
U.S. Crude Oil) Operation Suggestions
It is recommended to place short orders near the US dollar, stop loss. USD, target USD, hold if the position is broken and look down. USD
It is recommended to place long orders if the US dollar does not break, stop loss. USD , target.dollars.
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