Li Wanxi:9month6Short term rise of crude oil is hit by setbacks, with a second downward trend attempting to break new lows

Li Wanxi:9month6crude oilShort term gains but setbacks, second dip attempting to break new lows

The main factors currently affecting the crude oil market are the production freeze agreement, the US Federal Reserve's interest rate hike, and supply and demand. Regarding frozen production, the differences between the main member countries Saudi Arabia and Iran are still one of the main factors in whether the agreement has been reached. And the author believes that even if a freeze production agreement is reached, the market may become increasingly indifferent to the consequences of this matter, and whether to comply with the agreement is also a question. So I don't have much hope for reaching a frozen production agreement. However, for September, I still believe thatOPECThe attitudes or positions of member countries on how to boost crude oil prices will become the main driving force for the short-term rebound of crude oil prices, and bold predictions will be madeOPECEach member state9Before the informal meeting in Algeria at the end of the month, crude oil prices will maintain a narrow range of volatility.

Crude oil overall closed lower last week, but fell below after a volatile opening at the beginning of the week46.40.Breaking the previous consolidation range. Consistent with the daily review on Monday. Narrow range consolidation. Simultaneously coordinated with the daily chart crossKLine. Lower broken crossKThe bottom will deepen and adjust, but fell below last week46.40Afterwards, I kept bearish all the way. And multiple times in the46.0Place short orders on the top layout. Lowest downward measurement within the week43.0First line. Coincidentally39.20Rising to48.90Callback0.618Location. The first supportive effect is evident. Dragging until Friday to match the bearish US dollar of non-agricultural sectors. The US dollar suffered a short-term setback. Boosting the short-term rebound of crude oil, but the space is not significant. The weekly chart ultimately ended up with a negative line. Placing orders is not scary, but the mentality is the most awkward. I intended to make ten out of one, but ended up adding one out of ten. My family's wealth was scattered and my wounds were numerous. My initial dream has now become a failure. So, did you give up?When you were completely defeated, did you ever think about the reason and why you had the opposite result as someone else?Find Teacher Li Wanxi's WeChat groupjs6486I'll give you the answer

Weekly chart double negative adjustment,KThe line looks like it needs to be retracted39.20The price rises. However, the moving average system has become a divergence of bulls. This is also a relatively differentiated area. The crude oil price grid is wrapped around the short-term moving average for consolidation. The current trend is uncertain, as shown in the weekly chart39.20Low point retreat. Is it a point to stop falling and stabilize. If it stabilizes in this position. So after the second dip this week, it will reverse and rise. If we make further adjustments on the contrary. near39.20It's easy to break down. Once broken down, it will deepen the weekly chart adjustment. At present, the trend of the weekly chart's median is unclear. Waiting for selection. If you still have a list in your hand, if you want to break it down and get back on track, if you want to make money, then now search for Li Wanxi's mentor, Weixin Group:js6486It's not too late, Teacher Li Wanxi will provide a reasonable solution based on your situation of cheating and try his best to reduce your losses!