Li Wanxi:9month6Operational Strategy and Market Analysis of Spot Asphalt in Asia and Europe(original)

Li Wanxi:9month6Operational Strategy and Market Analysis of Spot Asphalt in Asia and Europe(original)

Market Review: On Monday, amidst mixed news, spot asphalt prices suddenly surged in the afternoon, starting from4260First line rise to4480Nearby, then quickly fell back to4320Wandering on the front line. In the author's opinion, such an upward trend is only a stimulus from short-term news, and the upward trend ultimately appears to be both strong and weak. In the current daily chart5Daily moving average and10The daily moving average intersects with a dead cross and is affected by5The daily moving average is suppressed, and there is still further downward space for asphalt prices. On the other hand, OPEC9The frozen production agreement at the informal meeting of the month has now been declared broken with the non support statement of Iran, an oil producing country. Although asphalt surged under the impact of the news on Monday afternoon, its momentum was weak and quickly declined. In the long run, I believe that reaching a frozen production agreement will still be difficult. In the short term, due to the impact of news, asphalt is expected to have a volatile downward trend. The overall trend is still bearish, and it is recommended to sell high and sell low.

Today, the asphalt sub group4400Nearby obstructed and completing the fifth wave trend, currently in the midst of the sixth wave correction wave, which means that asphalt may fall back before rebounding again4300Range, even recently falling back to4250Horizontal. And yesterday, after the European market was affected by the news, it rose in just two hours200One point, it can be said that the European market has already exhausted yesterday's upward movement. So today's focus is on the high point4400On the front line, while the support below is4250Nearby. This suggestion is for reference only. The specific operation is subject to actual market conditions. Investment carries risks and caution is required when entering the market!Please control your own profits and losses. For more detailed information, please add the Weixin groupjs6486Success does not rely on luck, choice and effort need to go hand in hand!

Recommended operation for asphalt section:

　　1For those who have a set of orders with less damage or want to know the analysis of asphalt potential, please follow Wei.Xinqunjs6486;

　　2Radical friends can reach the first support position4300Enter the market long, stop loss at4270, look at the goal4400nearby;

　　3And the strong support from the lower side4250Location,-Can enter the market to buy long and stop loss4200, look at the goal4350nearby;

　　4If you want to short the position above, then wait for the asphalt to rise again and enter the market without breaking the high level. The position can be chosen to be in the4400Short entry, stop loss30Point, look at the target4300。