Li Youya:3month29Daily spot crude oil and asphalt bulls rebounded

Li Youya:3month29Daily Spotcrude oilAsphalt multi head rebound

On Monday, oil prices fell from high levels in the European market, while Brent crude oil rose0.15%to41.09dollar/Barrel, as the market remains skeptical about the frozen production agreement. Oil price from2At the beginning of the month, a rebound path of less than a month began, with an increase of over50%However, recent market performance shows that the upward trend in oil prices still lacks momentum.

Saudi Arabia and major oil producing countries such as Russia reached a consensus on a crude oil production freeze in mid month, but as more details were exposed, the market saw the freeze as just a farce, while Russia's latest statement further confirmed the loopholes in the movable property agreement.

The International Energy Agency has stated on Wednesday that the freeze production agreement may be "meaningless".IEAAtkinson, the head of the petroleum industry and marketing department, pointed out that among all participating countries, Saudi Arabia is the only country with the ability to increase production. Rather than limiting production, the meeting is more like a gesture to stabilize oil prices, with the aim of enhancing market confidence in stabilizing oil prices.

Although oil prices have rebounded from the plummeting trough to40The level around the US dollar, but the decline so far this year is still30%Left and right. There is still so much lost land that has not been harvested, and I believe the worst period has not yet endedzkk554Especially in the United States, production has actually adjusted due to price changes.

Technically, yesterday's rebound in asphalt was affected by5Pressure suppression and pressure drop near the daily moving average, currently testing the daily chart10Daily moving average support, once missed, the short term is expected to open up downward space, with indicators attached in the daily chartMACDHigh dead cross, this round of adjustment may have just begun, but yesterday's rebound gave bulls some opportunities to kick and suck. Prior to this, the author provided5The perfect closing of short orders near the daily moving average also marked the first shot in this week's market. Today, after continuing to rebound, there were small short profit orders.

Suggestion for spot asphalt operation: above the asphalt3320Short selling nearby  Stop loss3350  Target View3270-3250