12month6Analysis of intraday strategies for Japan US crude oil futures

Futures marketgoldStrategy: External drivefutures｜12month6japan-us crude oilFutures intraday strategy analysis
Today's important financial data and events
15:00  Germany10Monthly industrial output rate after quarterly adjustment
15:45  France10Monthly trade account(100 million euros)
16:30  britain11monthHalifaxMonthly rate of housing price index after quarterly adjustment
21:30  U.S.A11Non agricultural employment population after rose adjustment(ten thousand people), USA11Monthly unemployment rate
23:00  U.S.A10Monthly wholesale sales rate, United States12Initial monthly University of Michigan consumer confidence index
18:00  Section7The opening ceremony of the OPEC and non OPEC ministerial meetings
undetermined   Section7Joint press conference held at the OPEC and non OPEC ministerial meetings
The next day02:00  From the United States to12month6Total number of oil drilling in the current week(mouth)

US crude oil news:Thursday(12month5day)WTI 1Monthly crude oil futures closed flat, reported58.43dollar/Barrel; Brent2Monthly crude oil futures up0.39USD, increase0.62%Report63.39dollar/Bucket. Traders are waiting for major oil producing countries to make decisions on crude oil production. A key committee recommends in ViennaOPECReduce the daily production target50Ten thousand barrels. Although the key details have not yet emerged, the latest measures seem to be only aboutOPECThe extent of the excess reduction that has already been formalized for most of this year.
Last night, the177The OPEC Congress kicked off in Vienna. Due to issues including Iraq, the OPEC meeting has been extended beyond6An hour. Early Friday morning Beijing time6At around one o'clock, the meeting was declared over. It is worth noting that OPEC may deepen its production cuts5010000 barrels/The consensus reached in Japan has been reported, and the response of oil prices has been lukewarm. Analysts have pointed out that OPEC's proposal to deepen production cuts has failed to shake the market. A key point is that Russian Energy Minister Novak stated in an interview that the decision to deepen production cuts can only be made within OPEC+All member countries have achieved the implementation rate of production reduction100%Only then will it take effect.
Russia has also brought another negative news on oil prices. Russian Energy Minister Novak stated that the specific allocation of production reduction quotas will be decided on Friday, and condensate oil will be excluded from the reduction quotas starting from this month. There may still be unexpected news coming out today, and investors need to closely monitor the development of related dynamics, especially the upcoming event7Press conference for the OPEC and non OPEC ministerial meetings.
Technical aspects of US crude oil:Looking at the daily crude oil market, the Bollinger Bands' triple track is easing and moving upwards,MA5The moving average has turned upside down andMA10The moving average adhesive runs on57.5Nearby,KTransit between tracks in BolinMA5\MA10Above the moving average,MACDThe fast and slow lines are bonded and leveled above the zero axis,KDJThe three line golden cross is diverging upwards, and the overall market performance is fluctuating with a strong trend;4On the hourly chart, the three tracks of the Bollinger Bands expand upwards and outwards,MA5The moving average is moving towards the right with a golden cross easing,KLine intersection between the upper and middle tracks in BolinMA5\MA10Between moving averages,MACDThe fast and slow lines form a golden cross and gradually move to the right, leveling off as the red kinetic energy gradually decreases,KDJThe three lines are turning downwards and diverging downwards with a dead cross, indicating a certain risk of short-term decline in oil prices.
Overall, it is recommended to prioritize high-altitude operations for intraday operations. The initial resistance above is58.50Further resistance is59.30； Preliminary support below57.50Further support on57.00。
US crude oil（01Contract trading strategy
1Above59.2-59.3Short term short selling, stop loss0.4, Objective58.5/57.5Nearby;
2Below57.4-57.5Long nearby, stop loss0.4, Objective58.5Nearby;
Reading instructions: Investment carries risks, and trading requires caution. This analysis is provided by the Futures Gold Strategy and is for reference only. It is not intended as the final basis for placing orders.

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