[b]"Investment is people's expectation of the future of assets",This is Dongsheng Finance[/b]
[b]Without further ado, let's first review yesterday's crude oil trend. After the opening of the market, crude oil is still undergoing a volatile adjustment, and during the US market, it first fell to an intraday low40.45The US dollar gradually rose to41.87The high level of the US dollar has seen some subsequent declines[/b]
[b] [/b]
[backcolor=#8db3e2][b]WTIYesterday's closing quotation for crude oil41.13dollar/Barrel, increase1.06%[/b][/backcolor]
[backcolor=#8db3e2][b]Brent crude oil closing quotation42.77dollar/Barrel, increase0.75%[/b][/backcolor]
[b] [/b][hr]
[b]What is worth paying attention to in the near future is the stimulus plan. What we need to see is how the market will fluctuate in the news, and how high the crude oil will be to test the pressure. Although we all know that the probability of the stimulus plan passing is very low, it still drives the US dollar down at the macro level, and crude oil prices reached a new high in nearly seven weeks last night[/b]
[b] [/b]
[b]This morningAPIData shows an increase in crude oil inventory58.410000 barrels, reduced compared to previous inventory542.1Ten thousand barrels indicate that the fundamentals of the recent economic recovery are not stable. Until the end of this year, the crude oil market will remain in a supply-demand imbalance, which is reflected in the market and difficult to break through the range[/b]
[b] [/b]
[b]I must consider that the weakness of the US dollar will continue for a longer period of time, and the US election is closely related to the trend of the US dollar index, which will have an impact on crude oil. However, the current anxious nature of the election also creates significant uncertainty in the market, which we cannot accurately evaluate[/b]
[b] [/b]
[b]In terms of the current international situation, the rising Libyan oil production and the prospect of slowing demand are both affecting the trend of the crude oil market. With the resurgence of the European epidemic, the growth of crude oil demand has slowed down. It is difficult for crude oil to break out of a new range before the end of the year[/b]
[b] [/b][hr]
[backcolor=#8db3e2][b]WTIOne hour trend of crude oil[/b][/backcolor]
[attachment=106504]
[b]Crude oil has broken through its previous high in a volatile trend41.5, upper test41.86The high level of the US dollar, although breaking through and emerging from a new erakLine, but not out of range, after falling under high pressure, waiting for the next step41Stable above the US dollar, see if it falls below40.5Frontline support[/b]
[b] [/b]
[b]In terms of one hour, the Bollinger Belt eased out of the horizontal range for crude oil adjustment, and crude oil stepped down60Daily moving average operation,MACDDouble line dead cross, green kinetic energy column with high volume, focusing on the opening stage of the US market in the evening, whether it can break out of major fluctuations again[/b]
[b] [/b]
[backcolor=#8db3e2][b]Short term crude oil41.0Empty, target40.5Stop loss41.2[/b][/backcolor]
[b]Author: Dongsheng Finance and Economics[/b]
[b]Writing time:2020/10/21[/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]
