Ding Wanting:4month12Daily freeze production 'meaningless' spot asphalt continues to decline after further correction in today's operations

　Ding Wanting:4month12Daily freeze production 'meaningless' spot asphalt continues to decline after further correction in today's operations

　　

Monday(4month11day)The market fundamentals are relatively weak, and investors are patiently waiting for the oil producing countries conference to be held in Doha, Qatar on Sunday. Currently, the market has generally good expectations for this conferencezyt433This also supported a sharp rise in oil prices before the conference, but as the conference date approaches, it is doubtful whether the rise in oil prices can be sustained.
　　
Oil producing countries such as Saudi Arabia and Russia reached an agreement in mid last monthcrude oilThe consensus on a production freeze has been reached, but with more and more details exposed, the market believes that the freeze seems to be just a farce, and Russia's latest statement further confirms the loopholes in the movable property agreement.
　　
The International Energy Agency has stated that a production freeze agreement may be "meaningless". Among all the participating countries, Saudi Arabia is the only one still capable of increasing productionzyt433Compared to limiting production, the meeting is more like a posture taken to stabilize oil prices, with the aim of enhancing market confidence in stabilizing oil prices.
　　
Although oil prices have rebounded from the plummeting trough to40The level around the US dollar, but the decline so far this year is still30%about. There is still such a vast amount of lost land that has not been harvested, and I believe that the worst period is not yet over, especially since production in the United States has already been adjusted due to price changes.
　　
Technically, yesterday's asphalt rebound was under pressure from the upper Bollinger Bands, and currently asphalt prices are still above all moving averages, as shown in the attached daily chart indicatorsMACDHigh end dead cross, this round of adjustment may just begin, and yesterday's rebound gave bulls some opportunities to kick and buy, real-time strategy layout acquisition, and strategic profit creation skirt339-369-738Note789Previously, the author provided a successful profit taking for multiple orders to fill the gap, which also set a good start for this week's market. Today, after continuing the correction, I will go long.
　　
Suggestion for spot asphalt operation: above the asphalt3820Go long Stop loss3780 Target View3900