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The market has basically reached a consensus on the monthly interest rate hike in the United States, but Hillary Clinton’s opposition to Trump in the U.S. election The U.S. dollar's advantage continues to expand, leaving a glimmer of possibility for the Federal Reserve's monthly actions. The U.S. dollar has appreciated by more than % this month and is expected to record its best monthly performance since the beginning of the year.
Russia and OPEC will start negotiations next Monday. It is expected that Russia will use Iran, Iraq and Venezuela as bargaining chips. Most OPEC members will consciously exaggerate production capacity before each meeting. In this way, once any decision is made, The commitment to cut production, even if the intensity is not as large as it should be, will lead to market expectations to boost oil prices. Russia is expected to follow suit this time.
Market Review
This week (Month) the crude oil market was calm. It opened at . (crude oil) on Monday. After maintaining regional adjustment during the day, it began to strengthen on Tuesday. The trend announced on Wednesday night was to push the bulls Pushing towards the top of this week, oil prices hit a new high. On Thursday, the trend turned. Due to the impact of futures delivery, bulls took profits one after another. Oil prices began to fall continuously since the early trading, and bulls were even more depressed after entering the European market. There was no rebound in the market. The short sellers continued to rage, giving up all the gains in the previous two days and returning to Monday's level again. On Friday, they also maintained the regional adjustment. The market trend was very fast, closing at the position of . On Friday, the daily line collects three yang and two yin, and the weekly line collects a yang cross star.
Crude oil asphalt technical analysis and operational suggestions for next week
Oil prices fell moderately on Thursday, but the support effect continues, and the short-term upward probability still exists. We are still concerned about the possibility of opening up upside space after standing firm above. Looking at the technical indicators on the daily chart, the D red kinetic energy column still exists, the stochastic indicator is flattening the Bollinger Band, and the short-term moving average between the upper and middle rails of oil prices is upward. Looking at the weekly line, oil prices have been rising for five consecutive times, the Bollinger Bands have begun to shrink, the line is near the upper limit of the Bollinger Bands, the D double line is running above the axis, and the stochastic indicator D is running flat. Overall, in fact, the direction of crude oil is not obvious. We cannot judge the market based on the daily trend. Operations can only be done based on the strength of the day. Now the oil market has both long and short factors. Yihang recommends that crude oil can still be used next week. Choose appropriate high-altitude operations,
U.S. crude oil operation suggestions
, nearby short orders to enter, stop loss, target.
, long orders to enter, stop loss, target.< br/>