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Li Wanxi:6month16(Thursday)Suggestions for Night Operation of Spot Asphalt
Fundamental analysis
This year, a series of oil supply disruptions in countries such as Canada, Venezuela, Libya, and Nigeria have driven oil prices to a multi-year high. But Goldman Sachs predicts that the recovery of oil prices is at the end of its strength, as it hits50dollar/After the barrel is closed, oil prices will stagnate thereafter. If you have any doubts, please add credibilityjs6486
Goldman Sachs currently expects that the increased production by US oil companies is expected to be on par with the reduced production due to supply disruptions. Therefore,crude oilThe supply-demand balance in the market cannot undergo a drastic reversal, and oil prices also lack effective impetus for further upward breakthroughs. Long term hovering40-50The US dollar range may be the ultimate destination for this round of rebound.
Technical analysis
Yesterday's trend of asphalt deviated from the data once, with a rise followed by a fall during the day, and the daily trend ultimately ended in a bearish trend,4500The checkpoint has not been breached, but the pressure facing the daily line is obvious,4500The support is on the verge of collapse, and it seems that it is only due to time.
4In terms of hours, it has already fallen below the support line of the upward trajectory, and the overall weakness remains. Short cycle indicators are relatively weak, with no rebound momentum at all. Asphalt today, as previously suggested, adopts a high-altitude observation method4500Gate support.