Ye Wenxi: Drilling is bearish, spot crude oil is rising instead of falling, analysis of next week's operational strategy

Introduction: Originally thought50Guan Kou La Saw YinAPIandEIAThe double boost has come to an end, but unexpectedly, profit taking and the combination of the US dollar have led to a resurgence in oil prices50Near the checkpoint.
　　
　　Market Review:
　　
Monday oil prices are affected byOPECThe freeze production agreement boosted the price, but the increase was limited. Subsequently, Iran proposed for the first time500The target of ten thousand barrels scared the bulls, causing a large number of orders to plummet and oil prices to fall again50Gateway. On Tuesday, oil prices continued to rise50.5Nearby consolidation, Wednesday due to early morningAPISignificant reduction in data, beautifulcrude oilShort term rise, announced in the eveningEIAData is once again related toEIAIn the same direction, oil prices quickly rose to the highest point of the week52.2Near.EIAAlthough the data is bearish, it is not enough to support the continuous rise of oil prices. Coupled with the new high of the US dollar putting pressure on oil prices, they continued to decline on Thursday. On Friday, during the US market, oil prices rebounded after a short-term drop and maintained a broad range of volatility. The bearish drilling data failed to lower oil prices, ultimately leading to a slight increase51Close near the US dollar.
　　
　　Market information:
　　
Saturday Beijing Time（10month22Day)01:00Announced US to10month21The total number of oil drilling in the current week is443Mouth, creating8A new high in the past month. Both the previous and predicted values are432Mouth, increased compared to last week11Mouth, this is the total number of consecutive drilling in the United States17The weekly record increased and reached the largest increase in two months. After the data was released, oil prices experienced a short-term decline and then rose.
　　
The recent strengthening of the US dollar has affected the trend of oil prices. On Friday, the US dollar index refreshed by one point2month3Since the beginning of the day, to98.786. The news of OPEC's production reduction is also constantly fermenting. Russian President Putin earlier stated at the energy conference in Istanbul that Russia is ready to join the OPEC production restriction agreement. The day before yesterday, Russian Energy Minister Novak announced plans to hold talks with Saudi Arabia this weekend to discuss how to jointly support the market.
　　
This week is10Gold prices have seen their first weekly increase since the beginning of the month, with an increase of over1%. Asian regions such as China and IndiagoldStrong demand for andETFThe continuous inflow of funds supports the price of gold. British investors are concerned that a hard Brexit will further devalue the pound, hinder UK trade development, and restrict foreign investment, so they are rushing to buy gold.
　　
　　Technical analysis of crude oil:
　　
Currently, the market is concerned aboutOPECThe positive news of preparing to reduce production seems to have weakened, althoughEIA、APIThe data is bullish on crude oil, but oil prices are still experiencing a pullback at high levels, and the performance of long profit taking is more obvious. Overnight crude oil charges a bullish candlestick, and on a weekly basis, oil prices are still in an upward trend,kThe line runs upwards from the middle rail, as shown in the attached figureMACDIndicator red momentum continues to increase, focusing on recent highs52.22Resistance of position, visible when breaking through55Near the US dollar: From the daily chart, the opening of the Bollinger Bands is upward,kThe line runs below the upper track of the Bollinger Belt, as shown in the attached figureMACDThe red kinetic energy of the indicator continues to weaken,MA5、MA10There is a downward trend of intersecting dead forks,KDJRandom indicators diverge downwards, and in the short term, there is a clear bearish trend in oil prices. Recently, oil prices have been around50A tug of war is unfolding near the US dollar, with support and attention from below49.8USD,Wen Xi believes that there is no sign of stabilization in the current trend, and once this position is explored, further investigation can be conducted49.5as well as49On the front line of the US dollar, on the contrary, if oil prices stabilize50For US dollars, it is recommended to take advantage of the trend and go long. Ye Wenxi, the author's official account, predicted that the next week would be a volatile downward trend, and the operation could be based on interval operation. See the opening situation on Monday for details.
　　
　　Suggestions for next Monday's operation:
　　
150.5Long nearby, stop loss0.3US dollars, look at the target51-51.2：
　　
II51.5Short nearby, stop loss0.3US dollars, look at the target51—50.8。

　　

　　Summary of this week:This week's market is mainly dominated by50The US dollar is mainly volatile, with OPEC andEIAThe news of positive data is not enough to sustain oil price bulls in the short term, mainly focusing on the signals released by the official OPEC meeting in November. It is still easy to operate the recent crude oil market, including the recent onesEIABefore the market came out, after placing orders, it was basically possible to stop profits and exit. To Wenxi's delight, this week my investment friends cooperated well with me, and basically followed my operations to gain some results. Here, what Teacher Ye wants to say is that you are not alone in the process of investment. As long as you have confidence in me, I will not disappoint you.
　　
　　Learning is boundless, don't hesitate to move forward:
　　
I have met many friends who want to learn and provide guidance. If you are just learning indicator knowledge, I recommend you to first understand the following points as a beginner's foundation:
　　
　　1.    Indicator analysis method2.Tangent analysis method3.Shape prediction method4.KLinear energy comparison method5.The rise and fall of waves determine the law.
　　
If you have already passed the knowledge in entry-level books and are no longer satisfied, I suggest that you can come to real trading operations. Learning is based on practice. If you are unwilling to try only a few indicators in your lifetime, then you will never be able to understand the meaning of investment from the perspective of a trader. Finally, I wish everyone a pleasant weekend.