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Crude oil unexpectedly had a unilateral move last night. Stimulated by numerous news, it could be said that it broke through new highs one after another, and finally succeeded in taking the US dollar position, setting the highest point this year. So I believe there are still many at this moment. Investment friends have a lot of questions about the skyrocketing rise in crude oil. Now I will tell you why crude oil has skyrocketed.
Both Russian President Vladimir Putin and Venezuelan President said that freezing crude oil production is the only option to stabilize the oil market, and they are ready to freeze or even reduce crude oil production.
.Norwegian Oil Minister Leon: Oil prices are expected to climb to US$/barrel in the next few years.
Data on Monday showed speculators and fund managers added to their long positions in Brent crude last week, recording the largest weekly increase since the start of the year, underscoring the growing pressure on oil prices to After the Organization of Exporting Countries (C) agreed to cut production, speculators became more confident in the recovery of the oil market.
. The most active monthly crude oil futures contract was traded on January 1, Beijing time: lots were traded within one minute, and the total value of the contract exceeded 100 million U.S. dollars, pushing U.S. oil to immediately exceed the U.S. dollar per barrel.
Personal analysis
Can the C meeting implement the production reduction agreement? Russia’s attitude is slightly ambiguous, and it may consider the C production reduction proposal. As soon as the news came out, crude oil prices rose sharply and returned to the top of the US dollar. This week, and C will release their monthly crude oil market reports. The crude oil market is expected to continue to be turbulent. In terms of operations, investors must pay attention to the beneficial impact of the news to avoid blind arbitrage and resistance to orders.
Crude Oil Asphalt Market Analysis
The sudden surge triggered by crude oil news broke the technical support and continued to break through new highs above. The previous high has completely broken through, reaching the highest. Last night's surge will push the market. It has stretched again to form a long pattern. For the operation of crude oil and asphalt, it is recommended to use the USD position as the defensive point. The bulls will continue to dominate at the top. Continue to operate long orders after the callback, and treat short orders with caution!
On the daily chart of crude oil, the Bollinger Bands open, and the oil price runs below the upper track of the Bollinger Bands. The upper track forms resistance, the moving average crosses the golden cross and rises, the daily moving average forms a suppression, and other short-period moving averages form support and are arranged in a long position. The C indicator in the attached picture crosses the golden cross, and the red kinetic energy shows signs of shrinking. Looking at the four-hour bullish trend, the Bollinger Bands are shrinking, and the oil price is running on the middle track of the Bollinger Bands. If the oil price effectively falls below the middle track, the oil price will continue Going lower, the moving average crosses over to form a support, and the C indicator in the attached picture crosses over. As the oil price was affected by Russia's preparation to accept the agreement during the European market, the oil price rose. It is expected that the oil price will rise again. In terms of operation, Wang Zezhi suggested that it should fall back and do many. Focus on the pressure level and support level. Strictly use stop loss and stop profit during operation.
(U.S. Crude Oil) Operation Recommendations
. Recommendations: Go short nearby, stop loss, target.