Ding Wanting:4month14Suggestions for Night Operation of Daily Spot Asphalt

Ding Wanting:4month14Suggestions for Night Operation of Daily Spot Asphalt

　　
Fundamental analysis
　　
Oil prices have fallen from a four month high, inventory has increased significantly, and market doubts about the Doha production freeze conference have increased. Oil prices fell from a four month high on Wednesday, with a fluctuating intraday trend. The speech by the Russian Energy Minister intensified doubts about whether the Doha oil producing countries' production freeze meeting on Sunday could achieve positive results. At the same time, the United Statescrude oilThe significant increase in inventory also puts pressure on oil prices.
　　
OPECThe latest report has lowered global crude oil demand and put pressure on oil prices.OPECtake2016Global crude oil demand growth forecast lowered for the year510000 barrels/Solstice12010000 barrels/Due to the slowdown in the growth rate of emerging market economies. If there are sustained signs of the current situation, further adjustments will be made to add Wei and Xinzyt433Based on last month's data, it is expected that2016Global oil market surplus is expected to rise by the year7910000 barrels/Day. take2016Annual crude oil demand forecast lowered610000 barrels/Solstice314610000 barrels/Day.
　　
The hourly chart of US crude oil prices shows concerns over the Doha production freeze meeting putting pressure on oil prices. According to reports, Russian Energy Minister Novak stated in a closed door briefing that the planned production freeze agreement to be signed in Doha later this month is loosely structured and lacks specific commitments. As a result, oil prices were affected and fell.
　　
Analysis of Spot Asphalt Technology
　　
The author's idea for asphalt is to first go long and then go short, but this trend only emerged in the second half of the night. However, the daily chart recorded a high and inverted bearish trend, further highlighting the weakness of the bulls,KThe line is far away from the support of the moving average, and the upward momentum of short-term indicators is insufficient. In addition, the closing line has an impact, and the daily line remains bearish.
　　
4At the hour, rapidly descending in the morning,KThe line recorded two consecutive negative readings, the short-term moving average turned downward at a dead cross, and the Bollinger Bands closed,MACDHigh dead cross expansion, green bar increase,4The hour also maintains a weak and bearish form, adding Wei and Xinzyt433。4000If it is difficult to maintain a stable position at the checkpoint in a short period of time, then it is inevitable to expand the space for short covering. At the same time, the bullish sentiment of asphalt is also weakening, so the stability of short selling in the evening is still relatively high.
　　
Recommendations for spot asphalt operation
　　
1.Below asphalt3920Go long Stop loss3880 Target View4000
　　
2.Above asphalt4040Short selling Stop loss4080 Target View3960

3.Please refer to the actual skirt for specific operations339-369-738Note:789The current price is subject to ordering.