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News
With the continued decline in oil prices and the pressure from the strong rise of the US dollar, OPEC has to call on major oil-producing countries to reach a freeze at the Vienna meeting on Wednesday for its own benefit. production and implementation actions. Oil prices will continue to revolve around two major events this week. On the one hand, all the actions taken by OPEC to achieve a production freeze, and on the other hand, the continued strength of the US dollar is suppressing oil prices. The most critical factor that affects whether oil prices rise or fall is the fundamental attitude of major oil-producing countries in the face of production freezes or production cuts.
Judging from the current trend, it is becoming more and more difficult for OPEC to solve the obstacles to reaching an agreement to freeze production. However, I believe that OPEC will overcome many difficulties and complete the production before next Wednesday, because the previous biggest obstacle is Iraq once threatened to "slap" OPEC in the face, but in the end it was "softened". The details will depend on the outcome of this week's technical meeting discussion.
Crude oil market analysis:
Crude oil basically fell all the way last Friday, and the current price is running near the . line. Judging from the overall market trend last week, crude oil has been showing a trend of rising first and then falling. The market has paid attention to it recently. The hot topic is this week’s production reduction meeting, but Saudi Arabia refuses to participate in a technical meeting next Monday. This adds a lot of uncertainty to whether an agreement on production reduction can be reached next Wednesday. This uncertainty puts pressure on oil prices to plummet [%] . Returning to the market trend, judging from the technical hourly trend, after the oil price experienced a sharp decline on Friday, the trend this Monday is already obvious. At present, the oil price has fallen below the strong Bollinger Band. If the support position continues to break down, it is possible for oil prices and the US dollar to reappear.
U.S. crude oil operation suggestions:
. You can try short positions on the US dollar. The target is around .USD, and the stop loss is .USD.
, the US dollar can be placed in multiple orders, and the aggressive can be in. The US dollar can be placed in multiple orders, the target is above the US dollar, and the mid-to-long term is towards the US dollar.
Silver market analysis:
Silver continued to rise last Friday. I have reminded investors that the market was closed early for Thanksgiving on Friday. In the evening, silver changed its previous weakness and the trend became stronger, which made many Those who have made long orders cannot close their positions. The price is still fluctuating at a high level. Judging from the current situation, silver may have a relatively large rebound. The daily short-term moving average has begun to run flat and is currently still within the pressure level of the daily moving average. Below, the fast and slow lines cross and run downward, the green energy column shrinks, and the three indicator lines converge and run downward. On the whole, the market rebound at the beginning of the week is mainly short selling, focusing on Wednesday, Thursday's initial report, and Friday's non-agricultural data.
Silver operation suggestions:
, It is recommended to go long near the U.S. dollar, stop loss. Points, the target is around the U.S. dollar
, It is recommended to go short near the U.S. dollar, stop loss. The target is U.S. dollar. Near the US dollar
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