Li Wanxi:6month5OPECMeeting unsuccessful,Why hasn't crude oil plummeted?(Earn Money Reading)

　　Li Wanxi:6month5OPECMeeting unsuccessful,crude oilWhy didn't it plummet?(Earn Money Reading)
ThursdayOPECThe oil conference has successfully concluded,OPECThe meeting still ended without reaching any agreement, causing a slight drop in oil prices, and later due toEIAThe data fell short of expectations and quickly recovered the decline. Why hasn't oil prices fallen as expected?Teacher Li Wanxi, first of all, this meeting has greatly eased the situationOPECThe relationship between member states, coupled with Saudi Arabia's commitment not to add more to the market, supports oil prices. Although a freeze agreement has not been reached, the result is already a good one for Saudi Arabia and Iran, their old rivals. Li Wanxi believes that this should be the reason why crude oil did not plummet as expected. If you have any doubts, please add credibilityjs6486
At present, OPEC itself is facing two problems: one is that the two most powerful members of OPEC - Saudi Arabia and Iran - are competing for market share and are also involved in regional proxy wars. Another more challenging issue is that today's technology has opened up huge but more expensive unconventional oil reserves. This has already set a cap on long-term oil prices, and oil prices may return to per barrel60to70The level of the US dollar, but it will not return to two years ago100Above USD.
Nevertheless, it is not yet possible to assume that OPEC is on the brink of collapse. Although the meeting in Vienna on Thursday was4Like the meeting held in Doha, there was no agreement on production restrictions or reductions, but there were also some positive signs. Although there are differences between Saudi Arabia and Iran, their attitudes have eased compared to before, and Saudi Arabia has promised not to inject a large amount of crude oil into the market;Iran, on the other hand, expressed willingness to listen to the other party's opinions. So the "new normal" for crude oil prices will be per barrel60USD to65USD and predict that this will happen in the future6reach12Occurred within a period of months.
For the international organization OPEC, although in the last century70The dominance of the era has become dim, but once the crude oil market regains balance and Iran's production fully recovers, it can still provide some kind of bottom support for prices again.
Therefore, the author Li Wanxi Weixinjs6486In terms of trend, we are still bullish. Ninggui Asphalt is expected to be in the range next week4600-4840Run. On the daily chart, a small cross star is also collected, waiting above it4725Suppression breakthrough. Attached diagramMACDDead cross operation above the zero axis, green kinetic energy column, weak indicators. At the beginning of next week, it will actually be between the communities4630-4780High selling and low slag.
　Specific operation suggestions for spot asphalt next week:
　　1, fall back to4650-4630Long Stop Loss40Point, look at the target4730-4750frontline
　　2For more real-time market analysis, please pay attention to the author Li Wanxi's reputationjs6486know
　　2Rebound4760-4780Short selling, stop loss40Point, look at the target4700-4680frontline
Investment and wealth management are not something that happens overnight. Early losses do not necessarily represent later losses;The early profits do not represent the later profits. So let's operate steadily, balance the profit and loss ratio, maintain a good investment mentality, and remember a philosophy: first avoid risks, then keep the principal, and finally win profits,If you are still losing money and placing orders, add the author Weixinjs6486Or actual inventory group544838863verification29My team will help you achieve the profit you desire.