Pu Jinming:1month12EIAHigh inventory makes it difficult for enterprises to compete with reduced production, resulting in a bullish effect. Analysis of the future market situation of asphalt

Pu Jinming:1month12EIAHigh inventory makes it difficult for enterprises to compete with reduced production, resulting in a bullish effect. Analysis of the future market situation of asphalt

Wednesday(1month11day)United States Energy Information Administration(EIA)According to the released data, last week the United Statescrude oilInventory growth far exceeded expectations, and gasoline and refined oil inventories also surged simultaneously. However, due to news from Saudi Arabia actively cooperating with production cuts and Trump's speech causing a sharp drop in the US dollar and boosting oil prices, market optimism eventually overshadowed concerns about high US crude oil inventories. As a result, oil prices ended their previous two day decline and closed up close to higher3%. Spot investors must remember to do a good job in risk control during today's trading. If there are any questions or other technical issues, please consult Pu Jinming and Weixingpjm868It's not too late to exchange ideas and choose good teachers and platforms.

In the market, we can see that yesterday the asphalt daily closed at a bullish candlestick, ending the previous two consecutive declines. Looking at the daily chart, prices have returned5MANearby. But the short-term moving average5MAAnd10MAStill with a dead cross downward, the Bollinger belt narrows and runs flat,KThe line runs between the middle and lower rails, still under pressure on the middle rail line. Attached diagramMACDIndex fast slow line dead cross diverges downwards, green kinetic energy increases, random indexKDJThe operation tends to flatten out. from4Looking at the hour chart,5Daily moving average turning top crossing10MABrin with an open mouth,KThe line is standing on the middle rail, as shown in the attached figureMACDNearby fast and slow lines with a golden cross upward, red kinetic energy increment, random indicatorsKDJThe three line golden cross diverges upwards. Overall, there is still a downward risk in oil prices. In the short term, we still need to focus on a rebound short selling strategy, with a focus on the above4950Point pressure level.

Suggestions for intraday trading of spot asphalt:

　　1、4915Short selling near the point, stop loss30Point, look at the target4840Near the point;

　　2、4885Short selling near the point, stop loss30Point, look at the target4800Near the point.

You never know where the market will go next, but Pu Jinming and Wei Xinpjm868Can be a compass for your investment field!Choice is greater than effort,Wrong choice, wasted effort. Today's outcome is due to yesterday's decision,So future profits and losses will depend on today.