Wanxin Guier:9.27Analysis of the trend of crude oil asphalt, whether to turn over or sell out, will be in the next two days

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In a few days, it will be National Day, and half of the Golden September and Silver October have already passed. I don't know how everyone has been harvesting. Autumn symbolizes a bountiful harvest and joy, and I hope all friends can seize the opportunity of the Silver October.
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crude oilPrices rose more than during Monday's US market session3[%]. However, oil prices subsequently fell. After all, medium-term speculators are still reducing their long positions in crude oil, proving that investors are not hopeful that OPEC can reach a production restriction agreement.
The International Energy Forum, which is affecting the nerves of the oil market, will be held in Beijing time9month27day16:00Holding the opening ceremony,9month28day19:30-20:30Convene a press conference, and OPEC member states will discuss whether to freeze production during the break of the forum. Before the conference results are released, various rumors may exacerbate the volatility of the oil market.



However, the market generally believes that the possibility of achieving a freeze on production is low, and the freezing of production capacity at such a high level makes it difficult to alleviate the current oversupply, and there is still a downward risk in mid line oil prices. If the Algerian conference fails, crude oil prices may fall below30dollar/Within the range of the bucket, and this seems to be the most realistic situation. IfOPECIf member countries ultimately fail to reach a "freeze production" agreement, the crude oil market will lose its supply-demand balance, and crude oil prices will not be affected40dollar/Barrel to50dollar/Normal fluctuations within the range of the bucket.
Therefore, this will questionOPECThe ability and credibility of the organization to control the crude oil market. Therefore, even if this meeting of OPEC oil producing countries is an informal meeting, it will still determine the life or death of oil prices. Moreover, most analysts believe that in the9At the informal meeting in Algeria this month, Saudi Arabia's goal was to11A formal "frozen production" agreement was drafted at the Vienna Policy Conference in November to establish consensus, but any "frozen production" agreement that excludes Iran will be invalid.
Analysis of crude oil asphalt market:
At present, there are also many investors operating on their own, and I think this is a good thing. However, one thing to remind everyone is that the market in recent days should not rely on the technical side. It seems that the news side has exceeded the technical side, and the market is currently in a volatile direction. There is a high possibility of unilateral action in the later stage, and I am not optimistic about the achievement of this production freeze. It is recommended to make multiple orders for crude asphalt today.



From doing orders during this period, it can be seen that trust between analysts and clients is very important. Why do you not earn the same order when others earn it? Because you do not trust the teacher, you do not do the same order when you shout it out, or even do the opposite order. I think this is not good for anyone. Since ancient times, it has always been a trick that won people's hearts. My personality is quite straightforward, and many people may not be able to accept it. If they cannot accept it, they should not come over. Once they come over, they should operate well and make money together. Collaboration is just a matter of not thinking too complicated and feeling tired.
The above suggestions are the author's personal opinions for reference only
The author of this article  Wanxin Guier
authorQQ:1479589031  WeChat official account: Wan Xinguier