Li Wanxi:9month1APIandEIAHigh inventory and strong bearish sentiment towards crude oil and asphalt

Li Wanxi:9month1APIandEIAHigh inventory,crude oilAsphalt bearish sentiment is strong

Thursday(9month1day)The initial price of crude oil once again fell below45The market generally expects that oil prices will continue to decline in the short term.APIandEIAHigh inventory andOPECThe continuous increase in production in major oil producing countries has put pressure on oil prices. Although oil prices have slightly rebounded, there is a strong bearish sentiment in the market, and trading still needs to be cautious.

From the daily trading perspective, crude oil collected a heavy bearish day yesterday and directly fell below the mid range of the daily Bollinger Bands, operating below the mid range,5Daily moving average and10The daily moving average now shows a clear dead cross bearish trend, with several consecutive days of negative results this week, indicating that crude oil has been in a downward trend in recent times. At present, there is a trend of closing in the daily distribution.4In the hour chart, after the Great Yin, in the morning240The daily moving average is used to support the closing line by charging a small positive, but after a sharp drop, it failed to break out of the continuous negative trend, indicating that the short-term trend tends to be volatile and rebound, especially after a sharp drop. Crude oil is operating outside the Bollinger Bands, and the current trend is to adjust and return to operating within the Bollinger BandsKLine deviation5The daily moving average is too far away, and it is also necessary to adjust the trend.

Overall, the author believes that the current trend of crude oil is still bearish, but there is not much room for short-term decline. Therefore, the white market approach is mainly to see the rebound through fluctuations, and it is recommended to wait for the rebound to short in operation. Upward suppression45.2Nearby, yes4hour5The suppression point of the daily moving average. Analyst Li Wanxi suggests that investors maintain a cautious and optimistic attitude, analyze and respond specifically based on market information, and operate flexibly. The operational advice cannot reveal all the risks and market conditions in the transaction, so it is for reference only and not used as an operational basis. For real-time operational advice on precise positioning and strategy, investors can consult Hong Yujie's WeChat groupjs6486。

Suggestions for intraday crude oil operations: rebound45.2Short nearby, stop loss0.4Point, look at the target44.5Near.

Asphalt intraday operation suggestion: rebound4360Short nearby, stop loss35Point, look at the target4290Near.

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