Suye Lunjin:8.1Crude oil correction continues to fall more, evening operation suggestions

　　crude oilMessage surface:
　　
　　OPEC7Monthly production may reach a new high within the year. Exempt country Libya has the highest production increase: Reuters found that according to third-party data,OPECstay7Monthly oil output increased month on month910000 barrels/Day. If we include the newly added production of Equatorial Guinea,7monthOPECThe total production is330010000 barrels/Day, exceeding325010000 barrels/The upper limit of the day is set simultaneously2017A new high in the year.7monthOPECThe fulfillment rate of production reduction has reached84%，11A total of member countries have reduced production97.810000 barrels/Day, not as promised116.410000 barrels/Day.7monthOPECThe largest increase in production comes from Libya, with output exceeding10010000 barrels/On the same day, Iraq's output also reported an increase. Saudi Arabia7Monthly production decrease510000 barrels/Day, the total reduction in production has exceeded again48.610000 barrels/The upper limit of daily goals.OPECThe contracting parties to the production reduction agreement will8month7-8The meeting was held in Abu Dhabi with the aim of achieving compliance rates for all contracting parties100%。
　　
QatarWTO"Seeking Justice" Demands Saudi Arabia60Response within the day: On Monday, Qatar officially submitted to the World Trade Organization（WTO）A series of appeals have been submitted, protesting against the trade boycotts imposed by Saudi Arabia, Bahrain, and the United Arab Emirates. The appeal submitted by Qatar points out the "coercive attempt of economic isolation" by the Gulf three countries, and clarifies their actions in hindering Qatar's trade in goods, services, and intellectual property. Formal request for consultation with other member countries, usuallyWTOThe first step in resolving trade disputes within the framework. Qatar also triggered this60A deadline of days. These three countries either resolve their appeals within this period of time or willWTOFaced with litigation and potential retaliatory trade sanctions.
　　
Technical analysis of crude oil:
　　
Morning crude oil opened on50.11The US dollar is on the front line, and the market remains stable in the early stages of the Asian and European markets50.1-50.1High range oscillation. In the mid-term of the European market, oil prices have fallen slightly, and the current market is trading in49.86Around the US dollar.

　　

From a current technical perspective, the opening of the RiTu Bollinger Belt is expanding outward,MA5Mean Square andMA10The moving average golden cross continues to rise, and the bullish upward pattern performs well.KThe line runs below the Bollinger track,MACDThe fast and slow lines form a golden cross and move upwards with sufficient red kinetic energy,KDJThe trend of turning the third line downward is expected to flatten to the right, and the overall market is showing a bullish trend;4On the hourly chart, the three tracks of the Bollinger Belt run upwards with a slight contraction,MA5Mean Square andMA10The upward trend of the moving average golden cross has slowed down,MACDAfter the adhesive operation, the fast and slow lines open and move downwards, and green kinetic energy begins to emerge,KDJThe initial cross of the third line diverges downwards, and the oil price has a certain downward potential in the short term. Overall, oil prices are affected byOPEC7The news of monthly production or reaching a new high within the year is under pressure and the shadow line is downward. There are some signs of a short-term decline in oil prices, but the overall trend is still dominated by bulls. In terms of evening operations, the author Su Ye suggests that the main focus should be on long positions after falling to low levels. Follow below for more information49.5Frontline support, attention from above50.7A line of resistance.
　　
Night operation strategy for crude oil:
　　
　　1Falling back49.5-49.7Multiple orders entering nearby, stop loss05.US dollars, target see50.2-50.4First line, break through and see50.7。
　　
　　2Upstream50.4Blocked light positions intervene in short orders, stop loss0.5US dollars, target see49.9Below.
　　
The volatility of the market never stops, there is no need to worry about not having the opportunity to recover losses, the money invested in the market will never be earned. If one persists in making up for losses and refuses to give up, it is likely to result in greater losses. Because at this point, your trading mentality has become chaotic and you have lost the ability to calmly observe the market. I hope friends who are interested in investment or have not done well can chat with Teacher Su to help you operate steadily in the market.
　　
This article is from the author Su Ye. Please indicate the source when reprinting, respect personal opinions, and do not plagiarize. The intraday market is volatile, and this article does not provide any express or implied warranties regarding the accuracy, reliability, or completeness of the content contained herein. Readers are advised to strictly control their positions for reference only, and to take full responsibility for this. Finally, I wish everyone a pleasant investment and a happy day!
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