Li Wanxi:6month2Crude asphaltOPECNight Analysis and Strategy(Evening intensive reading)

　　Li Wanxi:6month2crude oilasphaltOPECNight Analysis and Strategy(Evening intensive reading)
Thursday Beijing Time(6month2day)Global investors are paying attention to the upcoming conferenceOPECMeetings.OPECDuring the meeting, Saudi Arabia and Iran may once again confront each other head-on. Saudi Arabia is attempting to revive coordinated action and establish formal oil production targets, but Iran opposes this idea. The tense relationship between the two countries has beenOPECHighlights of the meeting, including2015year12That time in the month. Any agreement reached between Saudi Arabia and Iran would be seen as a major surprise by the market. In the past two years, due to proxy wars between the two countries in Syria and Yemen, the market has become accustomed to their conflicts. Many market participants still do not believeOPECWe can reach an agreement on the production cap because Iran, a member country of the organization, has decided to restore oil exports to pre sanction levelsOPECMember countries are more likely to focus on defending their respective market share. If you have any doubts, please add credibilityjs6486
Due to the recent sustained rise in oil prices"Frozen production"The urgency has decreased, and the differences between Iran and Saudi Arabia remain deeply unresolvedOPECIt may be difficult to reach a production agreement during the meeting;Due to the general pessimism of the market towards the outcome of this meeting, crude oil prices may be under pressure before the meeting, providing opportunities for short selling crude oil. More real-time market analysis of layout strategies, contact technical exchanges with Weixinjs6486obtain.
In terms of asphalt technology analysis, from the overnight hourly trend chart, the market trend is a decline in the Asian market, a continuation in the European market, and a slight rebound before the US market. From a technical perspective, the rebound before the US market is a bullish trend, as evidenced by technical indicatorsMAAs seen above, it generally starts with1hourKLineMA5、10For pressure, especiallyMA10If we can't stand up, then if the price before the US market deviates from the hourly chartMA5、10Far away, there will be a rebound confirmation. And this rebound is not at the bottom, but mainly continues to decline. So, we cannot treat it as a bottom, but continue to short. Many people believe that after falling so much, they should rise, but the probability of a reversal in the US market under this bearish trend is relatively small, especially under the premise that there is no sign of a rebound in the European market. Overall, the bearish trend remains strong.
Kind reminder tonightEIACrude oil inventory data, would like to know tonight's operation direction, support resistance point analysis, and quickly join my team for free real market analysis guidance battle group544-838-863verification:29，EIAThe operational layout has been finalized, and the specific order placement points will be based on the current price of the actual inventory group.
　　Specific operation strategies for asphalt at night
　　1.upper4780-4800Short nearby, stop loss40Point, look at the target4730nearby
　　2.For more real-time market analysis, please pay attention to the author Li Wanxi's reputationjs6486know
　　2.Below4600Long nearby, stop loss40Point, look at the target4680nearby