Ye Wenxi: Various bearish factors exert pressure, and crude oil rebounds in the short term to face the challengeEIA

Introduction:morningAPIData bearish, oil producing countries increasing production and oil producing countries increasingcrude oilExports and many other events have led toOPECIn the early stages of labor reduction, a series of facts indicate that,OPECThe cheating behavior of reducing production has gradually become apparent,OPECThe crisis of reduced production is rampant, with continuous negative factors such as the US dollar, reduced production, drilling, and increased production, and the outlook for oil prices is worrying. Follow Ye Wenxi's official account and guide WeChatywx5252.
　　
　Market information:
　　
Trump will hold a press conference on Wednesday. The market is highly concerned about Trump's spending plan, which was also Trump's decision last year11The first public speech after an unexpected victory in the presidential election in March. The US data released within the day is mixed, and the US11Monthly wholesale inventory continues to rise, creating2014year11The largest increase in the month; The report released by Redbook Research Institute on Tuesday shows that,1month7Annual sales growth rate of US chain stores in the current week0.9%The previous week was a week of growth2.4%。
　　
US President Obama delivered a farewell speech today, but his words did not have much impact on the market. Currently, investors are turning their attention to the evening23：30To be announcedEIACrude oil inventory report, at the same time, in the early morning of the next day0：00US presidential candidate Trump will hold his first press conference after being elected president, and investors also need to pay attention.
　　
　Message surface parsing:
　　
In theOPECIn the early stage of implementing production reduction, the phenomenon of increasing production in oil producing countries continues,OPECThe fog of production reduction is heavy, with many bearish factors such as increased production in oil producing countries, a rise in the US dollar, increased production in the US, and increased crude oil inventories putting pressure on oil prices. Oil prices have fallen repeatedly, and on Wednesday morning, they briefly broke through51Da Guan.
　　
The phenomenon of oil producing countries reducing production continues,OPECDifficulties in reducing production, coupled withAPIThe increase in crude oil inventories, the continuous decline of oil prices, and the evening market will also usher in what investors must hope for every weekEIAData, last weekEIAPerformance "stunning" with a sharp decrease, this week's "reversal king"EIACan we reproduce the reversal of positive oil prices?In theory, in theOPECSupported by reduced production, oil prices should not fall below50Da Guan, therefore, tonight'sEIAThe expected spark ignited the rise in oil prices.
　　
　Technical analysis of spot crude oil:
　　
Early this morningAPIOnce again suppressing oil prices, but with limited impact, the European market rebounded slightly during the day, boosted by reports of Saudi Arabia reducing supply. However, due to the lack of details on production cuts and signs of increased supply from other oil producing countries, further increases in oil prices were limited. At present, oil prices are hovering below the support level50.8Near the US dollar, we need to pay attention to the breaking situation at this position in the evening, althoughopecThere have been some positive aspects, but there is still a risk of downward oil prices. On the four hour chart, the opening of the Bollinger Bands,kThe line rebounds with support from the lower track of the Bollinger band, and the moving averages are arranged downwards, as shown in the attached imageMACDThe green kinetic energy of the indicator is decreasing, and the random indicator shows signs of turning around.NighttimeEIAThe data is expected to be bearish, but Wen Xi believes there won't be much room below, as last week's refined oil and gasoline data were successfully reversedEIAThe situation is favorable, so we also need to pay attention to specific data this time. In the evening, Ye Wenxi suggested that the data can be compared with50.8-51.8Operate within the US dollar range, follow up with the trend after the data is released. For detailed layout, please feel free to contact me.

　　

　　Suggestions for data pre operation:
　　
150.8Long on the US dollar, stop loss0.3US dollars, look at the target51.8USD:
　　
II51.6Short the US dollar on the first line, stop loss0.3US dollars, look at the target50.8dollar。
　　
The above article was originally written under the guidance of Ye Wenxi, and is only based on personal opinions (different platforms have different points and cannot be provided one by one). Real time market updates are available on the author's WeChat accountYwx5252）The above is for reference only. Investment carries risks, and caution is required when entering the market. The risk is borne by oneself.