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Li Wanxi:6month13(Monday) Recommendations for spot asphalt operation(Evening intensive reading)
Fundamental analysis
Monday(6month13day)During the Asia Europe period, international oil prices fluctuated and fell, and the United Statescrude oil7monthfuturesLowest touch48.21dollar/Bucket, for6month3New low in recent days, Brent crude oil8Monthly futures hit their lowest point49.80dollar/Barrel, due to the poor economic outlook in Asia, has dragged down oil prices. In addition, the rebound of the US dollar from low levels in the past two trading days has also suppressed oil prices. If you have any doubts, please add credibilityjs6486
On the other hand, according to Bloomberg last Friday(6month10day)The latest survey released shows that analysts and traders have varying opinions on the trend of US crude oil prices this week. Under investigation37Among analysts, bearish12people(32%)See more12people(32%)Look flat13People.
This weekOPECAnd the International Energy Information Agency(IEA)Monthly crude oil market reports will be released, and investors need to pay attention.
Technical analysis
The asphalt weekly line recorded a negative inverted hammer, highlighting the great pressure in the upward trend, especially the market touch51Above the level, the upward pressure and weak upward trend ultimately led to a rapid decline, and this pressure and recovery still exist throughout the entire week.
On the daily line, last Friday's market decline pulled prices below the short-term moving average. This morning's weak decline made the pressure above more clear. The short-term downward trend, the daily line out of a downward pattern, is expected to continue to recover today.
In terms of crude oil, we proposed earlier51The risks faced above the threshold, the sharp decline in the last two days of last week, ultimately failed to bring the market higher. Short term covering is a technical requirement, and future operations are mainly short selling when high. Teacher Li Wanxi provides online guidance to Weixinjs6486
Specific operating unit
1.Above asphalt4710-4730Short selling on the front line Stop loss35Points Target View4620
2.Below asphalt4600Long on the front line Stop loss35Points Target View4660