Industrial Investment:APICrude oil inventory adds insult to injury Crude oil operations can increase

Industrial Investment:APIcrude oilInventory falling into the well and adding stones Crude oil operations can increase
2016year10month26day
Crude oil:
Internal disagreements among oil producing countries due to interests may lead to11monthOPECThe details of the production reduction at the meeting cannot be reached. Late trading in New York, United StatesAPIThe significant increase in crude oil inventories has exacerbated the downward trend of crude oil, causing a sharp drop in crude oil prices in both regions, and causing another loss of US oil reserves50Gateway;Brent crude oil approaching50Da Guan. the United StatesNYMEX 12Monthly crude oilfuturesfall1.22USD, decline1.11%Report49.30dollar/Bucket, lowest probing three weeks low49.19;ICEBrent12Monthly crude oil futures decline1.3%Report50.79dollar/Bucket.
Russian EmbassyOPECenvoyVladimir VoronkovOn Tuesday, I am answering questions aboutOPECOn the issue of consensus on reducing production, it was stated that Russia opposes cutting oil production, which is not an option for Russia. Freezing production at current levels is a more desirable choice for Russia. Venezuelan Oil Minister Pino stated on Tuesday that if no measures are taken, a new cycle of low oil prices will begin in winter.11month30The OPEC conference in Japan will have to reach an agreement, and the production freeze agreement will at least continue6A month. Suggestion notOPECNational production reduction40-5010000 barrels/Day. In addition, the Iraqi oil chief recently announced plans to increase production. Overall, the conflicts and differences among oil producing countries may lead to sustained pressure on oil prices.
American Petroleum Institute(API)The report released on Tuesday stated that as of10month21During the current week, US crude oil inventories increased47510000 barrels to4.719Billion barrels, analysts estimate an increase170Ten thousand barrels. The increase in crude oil inventories is greater than expected, putting significant pressure on oil prices and increasing concerns about oversupply in the market.
Currently, US crude oil has fallen to50Below the checkpoint, downside risks begin to increase. Focus on the United States tonightEIAChanges in crude oil inventories are expected to increase, and if the growth rate exceeds expectations, US crude oil will further decline.
USD Index:
Announced by the United States on Tuesday10The Consumer Confidence Index of the Monthly Consultation Chamber of Commerce fell short of expectations98.60,9Under the Moon Cultivation103.5Implies a decline in consumer confidence and a slightly negative assessment of the current business environment and job market. At the same time, after the continuous rise of the US dollar for several days, investors took profits in the US dollar, causing the US dollar index to rise and fall, closing at98.67The bullish rise of the US dollar index is already weak, and there may be a high-level consolidation trend. Today's focus is on new home sales and monthly rates in the United States, as well asMarkitService industryPMIIt cannot be ignored either.
technical analysis
US crude oil:
Daily chart: Overnight plunge to20Below the daily moving average, the random indicator is about to enter the oversold zone and remains bearish, increasing the probability of a downward trend.
4Hour chart:50.60The area fluctuated and fell nearby, and fell below the range to consolidate the bottom49.60Or exacerbate the downward trend.
Hour chart:58.90The area was blocked and quickly fell to49Pass, inclined to break through the position.
Summary: Short term decline is expected. Suggestions for the day49.60Long on the front line, stop loss set at49.90Above, let's take a look first49.00Look again48.50。
Brent crude oil:
Daily chart: Overnight in20The decline below the daily moving average is widening, and random indicators suggest heavy downward pressure in the near future.
4Hour chart: may fall below the consolidation range51.15frontline.
Hour chart: obstructed byMA100Position and rapidly diarrhea to50The threshold is expected to fall below this level.
Overview: Tend to decline. Suggestions for the day51.40Short position with light position nearby, stop loss set at51.80Above, let's take a look first50.70Look again50.00。
Follow on Wednesday:
Germany11monthGFKConsumer confidence index
France10Monthly Consumer Confidence Index
Italy8Monthly retail sales rate/the annual rate
britain9monthBBAMortgage loan license and other data
U.S.A10monthMarkitService industryPMIinitial value
New home sales and monthly rates in the United States
U.S.AEIAChanges in crude oil inventory