Su Wenyan: China's crude oil demand is increasing, and crude oil is expected to rise again

Su Wenyan: Chinacrude oilDemand increases, crude oil is expected to rise again

　In terms of crude oil supply and demand——

Yesterday, crude oil prices continued to rise and eventually tested53.5In the vicinity, the main reason for the increase in crude oil is still influenced by the supply and demand side. In terms of supply and demand, it is not only necessary to pay attention to news from OPEC and the United States, but also to demand news.

China's automobile sales have reached a record high, making the market more optimistic about the growth rate of crude oil demand in the country, and international oil prices are supported. The demand for products such as gasoline and diesel will slow down, and the oversupply of domestic fuel oil will continue.

Implement production reduction plan——

　　Overall, Saudi Arabia has fully implemented its production reduction plan and is calling for optimistic growth in demand in the oil market. The Iraqi oil minister has also stated that the reduction will increase next week and reach full implementation. This has significantly weakened market doubts about the reduction efforts of oil producing countries, providing support for oil prices.Add WeChatswy502Author Su Wenyan comprehensively analyzes data trends through analyzing international news and various technical indicators, especially in accurately judging and grasping trends.

　　Asphalt crude oil/Fuel hydrocarbonsOperational ideas——

Under the bullish influence of multiple news, crude oil prices have continued to rebound. Today, it is expected that there will be a continued upward trend. It is recommended that investors continue to maintain a bullish mentality. At present, the main bullish reference support is located in52.5Nearby, just go long near that location within the day.

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