Year1
- 50：
- 50
- 40：
- 40
The news quoted data released by Baker Hughes, an oil company, on Saturday, Beijing time, showing that the United States as of March The total number of oil rigs drilled by Baker Hughes rose to an increase from last week. Crude oil futures held steady below the dollar/barrel mark after the release of the data.
Specific data shows that the total number of oil rigs drilled by Baker Hughes in the U.S. oil industry in the week ending on March 2 was the previous value. The total number of natural gas rigs drilled by Baker Hughes in the U.S. oil industry in the week ending March 2 was the previous value. The total number of mixed drilling rigs drilled by Baker Hughes for the week was consistent with the previous value.
Despite the impact of the Lunar New Year holiday, China's monthly crude oil imports were 10,000 tons, equivalent to a daily import of 10,000 barrels, an increase from the same period last year. The total import volume in March was the second-highest monthly import volume since the record high level of 10,000 tons in March last year. Underscoring the continued strong demand for oil in the world's second-largest economy. However, the stabilization and rebound of the US dollar still limits the upside space for oil prices. What we need to focus on in the week of March is the monthly crude oil market report released by the Organization of the Petroleum Exporting Countries. The specific release time is to be determined. In addition, weekly data and data will also have a certain impact on the short-term oil price. Teacher Guo reminds investors to pay attention.
In other data news, the market continues to pay attention to whether the optimism brought to the market by Trump's quotation will continue next week. At the same time, a series of major economic data from various countries will be released next week, including China's inflation data, Eurozone data, UK retail and employment data, and US retail and inflation data. Of course, the most important thing is that Federal Reserve Chairman Yellen will deliver semi-annual monetary policy testimony in the U.S. House and Senate on Tuesday and Wednesday. Yellen’s testimony will give investors a clearer understanding of the Fed’s monetary policy trends and will definitely give the market Point a new direction. With so many risk events, the market is about to experience another bloody fluctuation.
Monthly Crude Oil Trend Forecast
Last week’s data shows that US crude oil inventories remain high, which means that the oil market will still be in a surplus situation for a certain period of time, but this situation will steadily improve. U.S. crude stockpile declines are expected to begin at a higher baseline. U.S. crude oil production has also rebounded at the same time. The rapid rebound in shale oil production will pose a downward risk to oil prices. The average U.S. crude oil price is expected to be US$/barrel in 2020. However, the oil market will experience a shortage in the first half of this year. The first weekly decline in gasoline inventories reported on Wednesday showed that U.S. fuel consumption remains strong, which has provided effective support to the market. The reduction in U.S. gasoline inventories provided effective support for oil prices during the day, indicating that U.S. demand remains strong. From the daily chart, it can be seen that the daily moving average and the daily moving average cross each other and run in a dead cross above the axis. The green kinetic energy column shrinks the Bollinger Bands and the middle and lower rails run parallel. From a comprehensive point of view, Guo Yuyan recommends low and long for next Monday's operation. host.
Crude oil operation suggestions for next Monday and November
Place long and single letter targets nearby
Place short and single Wei stop loss targets nearby.
WhatsApp
