Lu Xinyuan:5.4Market Analysis and Operational Suggestions for Crude Oil Asphalt (Late Review)

Message face:
　　
United Statescrude oilInventory levels are also an important indicator of market concern. US Energy Information Agency(EIA)The latest inventory data released shows that as of4month22During the current week, gasoline inventories in the United States increased199.9Ten thousand barrels, to5.4061Billion barrels, analysts estimate an increase236.6Ten thousand barrels.
　　
Jin RuifuturesResearcher Hu Yue stated that after the Doha Conference, oil producing countries are expected to increase production, which will dampen market sentiment that had previously hoped for a freeze agreement to bring about an earlier balance between crude oil supply and demand. The substantial improvement in crude oil supply and demand should also be expected to approach the peak summer travel season by the end of the second quarter. Although gasoline demand is stronger than in previous years and US crude oil production continues to decline, the ineffective consumption and continuously rising crude oil inventories will continue to pressure oil prices. The action on oil prices will be greatly weakened, and weak fluctuations may occur in the near future.
　　
Beijing Time5month4Early morning of04:30American Petroleum Institute(API)Last week's US crude oil inventory was released, and the data shows that as of4month29During the current week, US crude oil inventories increased126.5Ten thousand barrels, to5.397Billion barrels, analysts predict an increase144.4Ten thousand barrels, the previous value is a decrease107.6Ten thousand barrels; The inventory of Kuxin crude oil has increased38.2Ten thousand barrels also fell short of expectations. After the data was released, international crude oil prices rose in the short term and then fell again.
　　
Technical analysis of crude oil asphalt:
　　
The daily crude oil price runs on5Above the daily moving average, failed to fall below the previous trading day5The daily moving average supports, but the bullish market has weakened. Technical Daily LineMACDGreen column capacity first appears, dual line0The dead cross above the shaft turns horizontally. Trend Triple Indicator Gold Cross Upward0The axis is weak, and the daily trend is consolidating within the early heavy pressure range. From the analysis of the daily trend, the market is expected to further repair and consolidate. Daily Follow357Resistance and353Supporting level, the overall market trend remains bullish and unchanged. Lu Xinyuan believes that the operation is still mainly to buy long on dips, but with a good stop loss, one should be cautious of deep pullbacks.
　　
[Xinhua Oil Operation Suggestions]
　　
　　1.358-357Long on the front line in batches, stop loss3Points, target363frontline365-366Short selling in batches on the first line, stop loss3Points, target362
　　
[Ninggui Asphalt Operation Suggestions]
　　
　　1.If effective breakthrough occurs4200You can directly short the target to see4130Nearby stop loss30Points
　　
　　2.If the author's prediction is accurate, they can go long at a low level. There should be a rebound today
　　
Today's Key Financial Data and Events2016year5month4Day Wednesday
　　
(Japan is closed for one day due to Green Day)
　　
　　17:00eurozone3Monthly retail sales rate20:15U.S.A4monthADPEmployment numbers
　　
　　20:30U.S.A3Monthly trade account
　　
　　21:45U.S.A4monthMarkitService industryPMIFinal value
　　
　　22:00U.S.A4monthISMNon manufacturingPMI, USA3Monthly factory order rate
　　
　　22:30From the United States to4month29Day and WeekEIACrude oil inventory
　　
Investment carries risks and caution is necessary. The above suggestions are for reference only. If you want to learn more, please contact me for real-time analysis.