Leng Sihan:10month22Spot crude oil suggests maintaining a bullish approach in the short term

Leng Sihan:10month22goods in stockcrude oilSuggest continuing to maintain a bullish approach in the short term



　
On Thursday, crude oil prices rose but failed to rebound, as shown in the technical chart52.2The pressure on the position of the US dollar is quite severe. After breaking out of the decline last Thursday, most investors in the market shifted their focus to the strength of the decline. However, after falling directly below the moving average on Thursday, further decline did not occur on Friday.



The rebound in crude oil on the technical chart is a counter trend rebound, clearly driven by news. And yesterday, the news mainly affected by the crude oil trend was still about the supply and demand relationship of fundamentals. Last Friday, the dual benefits of Russia prompted prices to quickly stabilize and rebound, and return to the moving average position.



Russia's attitude towards the issue of crude oil freezing and even reduction is crucial.OPECChairman Balgin has stated that Russia will not be an obstacle to the production restriction plan, while previously tough President of Rosneft, Sergei, has also stated that he will follow government orders. In addition, there has been news of a decline in production from the Saudi side. Life needs planning, money needs management;You don't manage finances, money doesn't care about you;Making money relies on opportunities, investing on wisdom, and managing finances on professionalism. Deconstructing relies on attitude, judgment comes from observation, and more importantly, from professionalism. Taking risks is beyond reproach, but at the same time, remember not to put all your eggs in one basket!Add author Leng Sihan Weixin:wmtt78Online guidance and analysis of market trends.



The dual benefits have led to a rapid rebound in crude oil prices after stabilizing yesterday. Based on the current trend, this rebound will continue. Leng Sihan is guiding Weixinwmtt78It is recommended to continue to maintain a bullish approach in the short term. However, during this period, Russia has only made a verbal statement about reducing production. If effective measures are not taken next week, crude oil will still fall, and the main support for the current decline in asphalt prices needs to be paid attention to4740Near.