Jincheng Beauty10.20.The trend of crude oil today and short orders are overshadowed, so if you don't want to make a profit, you don't need to watch it

International News

US Energy Information Administration（EIA）Just announced the deadline10month14Day and Weekcrude oilReduced inventory recorded524.7Ten thousand barrels, with a decrease of9month16The largest increase since the beginning of the week, with an expected increase270.5Ten thousand barrels, the previous value is an increase485Ten thousand barrels. After the data was released, the US oil company saw a short-term increase, with an increase in value1.5%. Specific data display, as of10month14An increase in gasoline inventory for the current week246.9Ten thousand barrels, with an increase of2month12The maximum since the current week, with a predicted decrease131.9Ten thousand barrels, the previous value is a decrease190.7Ten thousand barrels; Decreased refined oil inventory recorded for the week124Ten thousand barrels, with four consecutive weeks of decline, expected to decrease155Ten thousand barrels, the previous value is a decrease374.6Ten thousand barrels; During the week, crude oil inventories in the Cushing area of Oklahoma recorded a decrease163.5Ten thousand barrels, with a decrease of4month8The maximum since the current week, with the previous value being a decrease131.8Ten thousand barrels. Meanwhile,EIAThe report shows that commercial crude oil inventories, excluding strategic reserves, have ended10month14Daily decrease524.710000 barrels to4.687Billion barrels, decrease1.1%; Commercial crude oil imported last week, excluding strategic reserves690.710000 barrels/Day, reduced from the previous week95.410000 barrels/Day.

Crude Oil Market Analysis

Hour line, spot crude oil just releasedEIAIn the inventory data, it is not surprising that there is a clear bullish trend, and in the short term, the price of crude oil will suddenly increase0.7The US dollar, currently speaking, crude oil is also breaking through the high point of the year in its recent upward trend51.6, approximation52US dollars; Crude oil is directly transported along the routeMA10The moving average and Bollinger Bands are directly rising on the track, and the current highest point is also directly reaching52Near the front line,MACDThe gold cross indicator in the attached chart is rising, and the red energy bar is slowly increasing in volume. In the short term, bulls continue to be strong.

4The hourly line, crude oil also continues to rise in a continuous positive pattern, and currently the price is still slowly moving above the Bollinger Bands,MA5andMA10The upward shape of the golden cross, as shown in the attached imageMACDThe attached indicators are also showing a golden cross opening trend, and the red energy bar is also showing a slow volume increasing trend. Therefore, Teacher Jincheng said that crude oil is still in a bullish trend in the evening; It should be noted that,51.6Although the previous high level broke through, there is still a great possibility of false breaking, as can be seen in the market trend after the data is released. The data is significantly positive, but the increase is not very high. Crude oil should be cautious of diving and falling back after breaking through the high level.

【10.20Today's Operation Suggestions for Crude Oil

In terms of operation, the position allows light warehouses to approach52Short selling in US dollars, basic stop loss, target51.6Reduce positions nearby,50.6-50.8US dollars can all leave the venue

Below50.6Short positions nearby, stop loss0.3USD, target51.3upper

The above views are the personal opinions of Yang, the Chief Analyst of Hunan Nonferrous Metals, Jincheng Beauty, and are for reference only; For more detailed analysis, please contact Jincheng Jiaren for online guidance, which provides in-depth research on investment products such as spot crude oil, copper, natural gas, and silver. Teacher Jincheng's WeChat:qcjr86
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