Li Wanxi:8month26Asphalt may experience a Friday reversal, with long and short positions hanging on the line

Li Wanxi:8month26Asphalt may experience a Friday reversal, with long and short positions hanging on the line

WednesdayEIAData shows that last week in the United Statescrude oilInventory increase250.1Ten thousand barrels, setting a new record4month29The largest increase since the beginning of the week. Yes, the crisis of crude oil inventory reappears, asphalt prices continue to decline, oil prices lack favorable support, and the expectation of the Federal Reserve raising interest rates is heating up and exerting pressure. The risk of asphalt price decline is soaring, but Iran confirms to participate9monthOPECThe freeze production meeting caused a slight short-term increase in asphalt prices and then stopped, indicating market speculationOPECThe enthusiasm for the frozen production meeting has cooled down. What you need to do is try your best to become a survivor, and consult the author for more guidanceV/Letter:js6486The more difficult the situation is, the stronger you need to be, rather than giving up. Always maintain a calm mind and think through the following five points, and you will eventually become one of those few people.

Affected by the significant increase in crude oil inventories, the upward trend of crude oil prices can be temporarily postponed. From the moving average perspective, asphalt's short-term long and short positions have temporarily tied,5Daily moving average atKBelow the line and10Daily moving average at4560There is a trend of dead crossing. Asphalt still experiences broad fluctuations in the short term,66Daily moving average at4490Nearby support is formed, and if there is good news today, prices may be impacted4650If there is no good news, please note that the main behavior of asphalt is as follows:66The daily moving average can be broken. fromMACDIn terms of indicators, the speed line0Running flat above the axis, the red momentum continues to weaken, and the upward momentum is insufficient. The European market is looking to fall back.

Resistance level:4600

Support position:4490

Operational strategy: Friday can still be treated with broad fluctuations, above the asphalt4570Nearby empty orders enter, stop loss30Points, target4500. Below4500Long, stop loss30Points, target4600。

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