[b]"Investment is people's expectation of the future of assets",This is Dongsheng Finance[/b]
[b]Time has arrived in the afternoon, and the warm autumn sun is just right. Let's first take a look at the trend of crude oil last Friday. It was not long after the opening of the market that crude oil arrived41.0The US dollar subsequently fell, while the European market rebounded and continued to move lower. In the evening, the US market reached a low level40.0Just started pulling up[/b]
[b] [/b]
[backcolor=#8db3e2][b]WTILast Friday's closing quotation for crude oil40.74dollar/Barrel, decline0.15%[/b][/backcolor]
[backcolor=#8db3e2][b]Brent crude oil closing42.8dollar/Barrel, decline0.44%[/b][/backcolor]
[b] [/b][hr]
[b]At present, the market is sluggish, and the only news that can break the current market pattern before the election is the stimulus plan. However, we all know that the hope is quite slim. Pelosi also stated on the program on Sunday that there is a possibility of reaching a stimulus bill before the election, but Monday is the deadline for progress with the White House[/b]
[b] [/b]
[b]Although all of this was expected by us, the official's direct statement made me not hopeful about the trend of crude oil before the election. Although the recent trend of crude oil has not been clear, fluctuations have become the mainstream of the current market trend[/b]
[b] [/b]
[b]And currently in Europe,80%The number of cases of COVID-19 has increased in% of countries. Among them, the French Senate has a group infection, and many members of the Senate have confirmed the infection of COVID-19 lung; The President of Germany quarantined himself after his private bodyguard COVID-19 tested positive; The Swiss government has announced that it is mandatory to wear masks nationwide and has strengthened restrictions on the COVID-19 epidemic. This situation undoubtedly indicates that crude oil will continue the current trend[/b]
[b] [/b]
[b]WTIOne hour trend of crude oil[/b]
[attachment=106392]
[b]But the trend based approach, the fluctuation based gameplay, and multiple tests above crude oil41.45The point position can be used as a pressure judgment for the fluctuation period, as shown below39.0Nearby is a good reference point for support, but recently, the bottom support of crude oil has significantly increased to40.0In the case of a narrowing range in the US dollar, can a new range be opened after testing the high pressure above crude oil[/b]
[b] [/b]
[b]Technically speaking, in one hour,kThe line is located in the Bollinger belt41.0to40.4During the period of consolidation, although there were crude oil breaking through and on the track, there were no signs of candle entities breaking through and on the track,MACDIn terms of indicators, the recent trend of both red and green momentum pillars is weak, and the current market cannot attract more investors to participate. We are patiently waiting for the election results to break through in the near future[/b]
[b] [/b]
[b]crude oil41.0Entering the air, target40.2Stop loss41.3[/b]
[b]Author: Dongsheng Finance and Economics[/b]
[b]Writing time:2020/10/19[/b]
[b]The above views are for reference only and do not serve as a basis for firm trading. The article is written by Dongsheng Finance and Economics. If reprinting is required, it must be approved by the author or indicate the source. Reproduction of my article without my consent will result in legal liability being pursued in accordance with the law[/b]
