Jin Huiyan:EIAData remains bearish The market trend first falls and then rises

Jin Huiyan:EIAData remains bearish The market trend first falls and then rises
Today's two-day eventOPECThe meeting has come to an end. Despite Iran's resurgence of variables, the positive stance of the oil producing country committee still won the victory for next week's freeze production meeting. However, the US dollar has strengthened again and gasoline inventories have increased, causing oil prices to slightly decline. Tonight, there are stillEIAThe data is about to be released, please keep an eye on it.
crude oilEIAHalf an hour left for release
First, let's review last week's market situation. Last WednesdayAPIAfter the unexpected increase in crude oil inventories,EIACrude oil inventories also recorded a significant increase. It was supposed to be a big bearish trend, but the sudden statement from oil producing countries caused a reversal in market sentiment - the market fell first and then rose, out of expectationsVType trend.
The previous text mentioned a review of last week's market situation. Currently, the market is in a rebound pattern, with a strong bullish atmosphere in the market. However, the bullish trend is not strong enough. Personally, I anticipate that this timeEIAThe data is still bearish, but the market trend will still be first falling and then rising.
My personal expectation is that if the data is bullish or slightly bearish, the potential market fluctuations may tend to continue to rise or slightly retrace, and then continue to rise further;
If the data is significantly bearish, it may lead to a bearish turn in the market direction, which requires special attention.


Evening Focus

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21：30 U.S.A10Monthly rate of durable goods orders

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21:30U.S.A11month19Number of initial claims for unemployment benefits in the current week

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22:45 U.S.A11monthMarkitmanufacturingPMIinitial value

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23:00U.S.A10Monthly annualized rate of new home sales

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23:30U.S.A11month18Day and WeekEIACrude oil inventory

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