Last week's crude oil market as a whole was characterized by major fluctuations. The weekly trend bottomed out and rebounded, but ultimately the weekly trend remained positive. The weekly trend has been positive for eight consecutive weeks, and we cannot ignore its strength. Therefore, we still need to be bullish on the trend of the major cycle. The short-term high swing market has been continuing, and the amplitude is still increasing. This week's major trend is bullish, and the short-term trend is mainly focused on high fluctuations. In terms of operation, it is mainly low, and short orders are only auxiliary orders, This week we need to pay attention to the important pressure levels of crude oil50The integer level, which was previously used by2019Years of experience5After more than a month of sideways consolidation, a new pressure platform has been formed. Once again, when it comes to short positions close to its major cycle, it will definitely rebound. There is also a need for technical retracement at this position, and those who like to layout the centerline can pay attention to this position. We still need to follow the bulls in short-term crude oil operations this week.
Fundamental analysis
Today, the UK is still in the midst of the Christmas holiday, and New Zealand, Australia, and Canada will be closed for one day on Boxing Day. This Friday is also a full day off for New Year's Day, and there will be no major data releases this week. All data is based on regular data. It is important to note that the closing time of the early closing platform is important. Additionally, the US pandemic remains the focus of our attention.