Pan Xingquan:3.21Suggestions for Nighttime Ninggui Asphalt Operation

Pan Xingquan:3.21Suggestions for Nighttime Ninggui Asphalt Operation:
　　
Oil prices closed lower on Friday, with the number of US oil drilling platforms decreasing this week12The first rise in the month has raised concerns in the market about oversupply. Previously, oil producing countries' plans to freeze production helped boost oil prices to a high for the year and continued to rise for several weeks.
　　
On Wednesday, news came that oil producing countries had confirmed a meeting date, and Qatar's oil minister stated that the Organization of the Petroleum Exporting Countries (OPEC)(OPEC)And nonOPECOil producing countries will4month17A meeting was held in Doha today to discuss the frozen production plan.
　　
In the latest analysis, it was pointed out that I had warned at the beginning of the month that3The month is the strongest month for oil prices, and the trend so far also confirms this. The preliminary target for the upward trend of Meiyou is located in61.8%Retreat position41.47dollar/Bucket, if broken, further upward trend200Daily moving average42.88dollar/Bucket. Greater resistance at43.50dollar/Near the bucket. In my opinion,41.47dollar/The position near the barrel is the most important level of oil price trend. Fundamentally,OPECWill be on4month17Hold a frozen production meeting on the day. Of course, this meeting is meaningless, and the upcoming frozen production is already planned. Anyway, the main risk of this meeting may be that bears will continue to hold their ground for the next month, which could be enough to drive oil prices soaring all the way to50dollar/Bucket.
　　
This round of gains is just a flash in the pan. The trend of oil prices will fluctuate, making it difficult to rise45Above USD. Investors should not expect commodities to quickly enter a long-term upward trend. Within two weeks, the oil market may seem to be starting to rebalance - but that's not the case. I think the second quarter still looks very bumpy. Oil prices will decrease30USD to slightly below45Trading between the US dollars fluctuates, and Xin Jie believes that oil prices will not rise45Above the US dollar.
　　
International Energy Agency(IEA)On Friday, a monthly report was released stating that oil prices may have bottomed out due to the United States and other non OPEC organizations(OPEC)The decline in domestic oil production is accelerating, while Irancrude oilThe increase in production is not as significant as expected. Bank of America and Merrill Lynch also believe that2016yearWTIOil prices will rise to54dollar/Bucket. The analyst team2In the month, it was predicted that oil prices would decrease6Month touched47dollar/The price of barrels is due to an increase in demand for automotive oil in the summer, a looser than expected monetary policy, and a decrease in shale oil production in the United States.
　　
Looking at the Ninggui Asphalt Daily Line,KThe line runs near the upper track of the Bollinger Bands, with the opening of the Bollinger Bands facing upwards,MA5andMA10The golden cross continues to rise,MACDThe gold cross below the zero axis continues to rise, indicating a strong indicator;4From an hourly perspective, the opening of the Bollinger Bands is upward,KThe line runs near the upper rail,MACDAfter crossing the golden cross above the zero axis, the indicator is strong, and the red energy gradually weakens,KDJDown. Overall, there is a downward trend in asphalt, with short-term upward focus3960Pressure level, below3880Frontline support. Pan Xingquan's WeChat account for operationPxq0801It is recommended to prioritize high altitude.
　　
Ninggui Asphalt Operation Suggestions
　　
　　1Above3970Short nearby, stop loss40Point, target sees3900-3920.
　　
　　2Below3880Long nearby, stop loss40Point, target sees3960-3980.