Li Wanxi:8month30EIA Before the arrival, the crude oil asphalt range should be steadily traded within the range

Li Wanxi:8month30EIA Before it arrives,crude oilStable single operation within the asphalt section

Monday(8month29day)The UK market is closed, and trading in the US market is also relatively light. Investors continue to digest the interest rate hikes made by Federal Reserve officials last week and shift their focus to this Friday's US non farm payroll report. The US dollar index remained volatile on Monday.

In terms of crude oil, Li Wanxi's prestige:js6486Concerns about oversupply persist, Nigeria resumes production, countries such as Iraq, Iran, and the United Arab Emirates continue to increase production, and the season of peak crude oil demand is gradually passing. These factors continue to put pressure on oil prices. However, the expectation of reduced inventory limits the decline in oil prices, which ultimately leads to a slight decline1%。

In terms of asphalt, the next day it will first suppress and then rise, with a small bearish candlestick with a longer downward shadow on the daily closing line.4Hour chart stuck4550-4500Interval oscillation, short-term waiting for interval breakthrough;30Minute chart oversold and slightly rebounded, short selling at high points in the short term. In terms of operation, it is recommended to use a short-term approach4550Short selling nearby.

Specific operational strategies for asphalt:

　　1Asphalt4550Short on the front line, stop loss30Point, look at the target4500, breaking through to see4470。

　　2Add Li Wanxi's WeChat group:js6486Technical analysis and discussion on daily market trends.