Year1
- 沥青：
- 10T 50T 100T
- 铜：
- 5T 20T 50T 100T
- 天燃气：
- 10lf 500lf 1000lf
Market Review
A high-level committee meeting was held in Vienna, hoping to resolve internal differences and finalize a production reduction agreement before the formal meeting on Wednesday. Iraq once again reiterated its commitment to cooperation, and Iran also considered controlling crude oil At a certain level, expectations of reaching an agreement on production cuts have increased, boosting oil prices to rebound sharply. For more real-time market analysis, please add WeChat ID. U.S. crude oil rose by .% and closed at. Brent crude oil fluctuated during the day. The U.S. dollar closed at late trading at ., with an increase of .%. Spot heavy oil opened at .% and was as low as the Asian market, then fluctuated slightly. Going higher, the volatility increased during the European trading session, and it rebounded quickly during the US trading session, reaching as high as and closing at, an increase of .%.
Market Overview and Interpretation
Teacher Dai Jin believes that the recent news about whether an agreement on production reduction has been reached has dominated the recent fluctuations in oil prices. Another high-level committee meeting was held in Vienna on Monday after Saudi Arabia canceled Monday's talks with non-oil-producing countries as it works to resolve internal differences and hammer out a deal to cut output ahead of a formal meeting on Wednesday, Bloomberg reported . Although the Saudi Energy Minister hinted in his speech on Sunday that production cuts are not necessary, which suppressed the sharply lower opening of oil prices on Monday, Saudi Arabia has recently been enthusiastic about arranging a new round of internal negotiations, and has stated externally that it will further expand production cuts, including non-oil-producing countries. Including this, this shows that Saudi Arabia hopes to reach an agreement on production cuts at this meeting to boost the continued sluggish oil prices and thereby obtain greater benefits from rising oil prices. At this internal meeting in Vienna, Iraq once again reiterated its commitment to cooperate with member states to reduce production, taking a step forward in reaching an agreement to reduce production, boosting oil prices to stop falling and turn into a volatile rebound.
Previously, the major internal differences were between Iran and Iraq. Now Iraq has made a commitment, and Iran has also begun to relax its previous tough tone, saying that it is considering controlling crude oil production at a certain level to achieve production cuts. The agreement quickly heated up and oil prices rebounded strongly. In addition, the oil ministers of Algeria and Venezuela jointly visited Russia to seek support from non-oil-producing countries for the production reduction agreement. The news currently revealed is that they are preparing to reduce daily production by 10,000 barrels, and non-oil-producing countries will reduce daily production by 10,000 barrels. Internally When a consensus on production reduction may be reached, whether Russia is willing to join the production reduction will affect whether the future production reduction agreement can be signed and implemented. Therefore, we must focus on the statements of Iran and Russia on the production reduction agreement in the past two days. If they finally commit to joining Cutting production will be beneficial to the surge in oil prices, and investors should pay close attention to this.
Crude oil and asphalt market analysis: Yesterday’s market should basically have achieved it, and there is no big problem. Let’s review first. Yesterday morning, the market opened lower, continuing last Friday’s decline, with the lowest touching the USD line, and then began to rebound. I also gave a long suggestion for this rebound. After the rebound is repaired, the downward trend will resume. It continued to fall until the Iraqi oil minister's optimistic statement supported oil prices in the afternoon, and the market turned and began to rise. However, the failure of the expert meeting in the early morning also limited the increase in oil prices. The market fell slightly, but ultimately still closed up by nearly %.
Looking at the four-hour chart from a technical perspective, U.S. crude oil opened slightly lower today. The market is currently trading around $. Teacher Dai Jin suggested that the following should focus on the US dollar line for the time being. In terms of indicators, more operational strategies should focus on the Weixin public account Daijin Yuren. The Bollinger Bands are running with their mouths open. The line is currently running below the middle track of the Bollinger Bands. The indicator speed line in the attached picture has a tendency to turn upward and cross the golden cross near the bottom of the axis. Green energy column shrinks. Taken together, the direction is bullish at present. As far as the current trend is concerned, it should continue to fall, so it is better to maintain the low-long thinking for the time being. (Recently, due to the topic of production freeze in the market, news has been released frequently. The timeliness of the article is limited and is for reference only)
Crude oil operation strategy:
Strategy 1. First sight of the US dollar. Enter the market with a short order near .USD, target .USD, continue to hold if the position breaks
Strategy 2. Enter a long order near .USD, target .USD, continue to hold if the level breaks
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