Yang Jingle:1month16Another indicator indicates that the sharp drop in spot crude oil is not unfounded

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Yang Jingle:1month16Another indicator for the day indicates spot goodscrude oilA sharp drop is not entirely unfounded

Next week, crude oil prices may collapse and fall, and many investors may not agree with such predictions. After all, crude oil prices showed a consecutive positive trend after consolidation last week. Although there was a unilateral decline on Friday, it seems somewhat thoughtless to say a sharp drop now. However, the statement that crude oil will plummet is not unfounded.
　　

Yang Jingle:1month16Another indicator indicates that the sharp drop in spot crude oil is not unfounded521 / author:Yang Jingle / PostsID:449092

Another indicator suggests that crude oil may plummet:

Three years ago, the most popular article among social media finance related accounts was about crude oilfuturesTrader positions.2014year7At the beginning of the month, the net long position size of speculators reached a historic high, which made the market have to start worrying about potential significant downward trends in oil prices. If oil prices start to reverse their upward trend, then net long positions representing a large amount of funds will take risks to withdraw from the oil market. Add specific ordering points and operation suggestions on WeChatyxys136Get more real-time market analysis and precise entry points.
Now, history seems to be repeating itself, with net long positions reaching a historic high, which means oil prices will plummet?

Technical analysis of spot crude oil:

Perhaps this viewpoint is a bit too one-sided, but it has to be admitted that crude oil prices have already experienced consecutive bearish periods on the weekly chart, and the main pressure position above it is undeniable5000The checkpoint has not been broken yet, and OPEC's production reduction is not as uniform as expected by the market. Shale oil production is also constantly increasing. Under various factors, crude oil may be entering a rhythm of sharp decline. Every day, when the market fluctuates greatly, the direction is always wrong, and the point is always difficult to grasp. Is it really bad luck to see others make money and oneself always lose money?Add Psychology Teacher WeChatyxys136Calm down and listen to what the experts say.