CPT MarketsGoldman Sachs has lowered its oil price expectations three times within six months, exacerbating market concerns! day...

Brentcrude oil (Brent Oil)：

Brent crude oil opened today for consolidation after a significant decline in Monday's closing71.97Nearby, due to Goldman Sachs lowering oil price expectations three times within six months, market concerns have intensified, leading to a weak and volatile downward trend in oil prices.

In terms of bearish factors, Goldman Sachs will12The monthly oil distribution is expected to increase from the previous per barrel95The US dollar has been lowered to86The US dollar and the expected increase in US crude oil from per barrel89The US dollar has been lowered to81The US dollar has lowered oil price expectations for the third time in six months, intensifying market concerns about the outlook for oil demand and leading to a continued decline in oil prices. CIBC Private WealthSenior Energy TraderRebecca BabinIt is stated that in addition to Goldman Sachs, a former crude oil major, lowering their oil price expectations again, the indicators in the spot market are also shaking the confidence of the bulls. They expect the oil market to shift from surplus to shortage in the coming months. As a tool for traders to evaluate supply and demand dynamics, the continued deterioration of time price differentials has fueled large-scale risk aversion and prompted bears to continue putting pressure on oil prices.

In terms of bullish factors, based onCMEFederal Reserve observations indicate that the Federal Reserve6The probability of maintaining interest rates unchanged during the monthly interest rate meeting is79.1%Interest rate hike25The probability of a basis point is20.9%； reach7The probability of maintaining monthly interest rates at the current level is26.1%Accumulated interest rate increase25The probability of a basis point is59.9%Accumulated interest rate increase50The probability of a basis point is14.0%. In addition, all three major US stock markets closed higher, including the S&P index closing higher0.97%The Dow Jones Industrial Average closed higher0.56%And the Nasdaq Index closed higher1.53%。

In summary, oil prices have been suppressed by Goldman Sachs lowering its oil price expectations three times within six months, but the probability of the Federal Reserve maintaining interest rates unchanged at this week's meeting is79.1%All US stocks closed higher, limiting the decline in oil prices; The market is waiting for the key inflation data to be released later this week and the Federal Reserve's interest rate decision.

Press from above(Upper resistance) 71.90，72.30； From the downward direction, the lower support71.40。

CPT MarketsRisk Tips and Disclaimers : The above article content is for reference only and is not intended as future investment advice.CPT Markets The articles published are mainly based on international financial data reports and international news as reference.