The crude oil weekly has come to a perfect end, what should be done if the crude oil long and short positions are overshadowed? Suggestions for crude oil operations next week

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This week's market review:
Announced successively this weekIEAMonthly report,EIAMonthly report,OPECThe forecast undoubtedly suppresses oil prices with all exceptions, and the high point given by Zhou Zhejin earlier this year51.67The strategy of boldly short selling without breaking the pressure level of the US dollar has also repeatedly benefited. Wednesday morning due toAPIThe significant increase in data and contract switching have led tocrude oilDive directly and open high, and in the eveningEIAStrong breaking through the high point after data, reaching a new high for the year, with the highest report52.22US dollars. Although it continues to close on the weekly chart5Both the Yang pillar and the Long Shadow Yang pillar. Prove the strong pressure above. It is still recommended to rebound and short in future operations.


Analysis of the future trend of crude oil
Facing long and short positions, Zhou Zhejin is firmly bearish in the long run——
Saudi Arabia is seeking an alliance to boost oil prices by reducing production, but on the other hand, US shale oil companies are attempting to increase production and gain substantial profits. The two sides are competing for their respective market share and competing with crude oilfuturesCompared to the fierce competition between the bullish and bearish sides in the market, there is no shortage. The most influential event in the recent oil market is undoubtedly the achievement of a freeze production agreement. Industry insiders predict that this year4Quarterly global overcapacity does not exceed15010000 barrels/Oh my god, there will be at least a slight increase in demand next year10010000 barrels/Days.


Indeed, as long as other oil producing countries no longer increase production, the market may even experience supply shortages, and oil prices also have reasons to rise. But the mainstream view in the market still believes that oil prices will remain stable for a long time60dollar/Above the barrel, it will inevitably stimulate the re production of shale oil. The market will return to supply-demand imbalance, with limited upward space.


For the bullish factor of production restrictions, the Fed's interest rate hike is a huge bearish news. Zhou Zhejin believes that the expectation of the Federal Reserve raising interest rates in the near future is very strong. Regardless of whether the final result is a rate hike, it will suppress oil prices before the end of the year. Moreover, oil prices are greatly affected by geopolitical risks in the Middle East, and there is great uncertainty in future production changes.


Suggestions for crude oil asphalt operation next week
1Suggest a rebound51.1-51.5The US dollar continues to short and strict stop loss measures are in place0.5US dollars, look at the target50The US dollar barrier;
2、50Buy long with the US dollar not breaking through and strictly stop loss0.5USD, target50.5-51USD First Line
3、50Strong breaking of the US dollar to short, strict stop loss measures0.5USD, target49One line of US dollars.
The above suggestions are for reference only. The article has lag, and the specific location is subject to actual quotation.


Crude oil asphalt multiple empty single unpacking
Today's market rebound given by Zhou Zhejin in the afternoon51Short selling in the US dollar, targeting50.25The operation suggestion for the US dollar is to achieve a perfect profit stop, and at this time, friends who have been placed in multiple orders will turn losses into wins if they hold in the evening compared to the rebound in the later half of the market. And those friends who chase up and sell down may not be so lucky to take a long stop loss and short the market.


Friends who read Zhou Zhejin's articles should know that Zhou Zhejin rarely talks about his mentality in a lengthy manner in the part of resolving the situation, because it is useless. Below are the actual solution points for your reference.

1Quilt cover51Multiple orders in the US dollar, waiting for the market to rebound51Small loss backhand near the US dollar;
2The lowest point of the duvet cover50.21Short orders in US dollars, it is recommended to reduce positions and hold them. Short orders can be seen50Near the US dollar;
3、51Multiple orders in US dollars and50.2US dollar single day lock friend rebound51If the US dollar is long and left empty, if it continues to break through and cover the short position, hold the short order,50All US dollar short positions are eliminated.


Overall, the crude oil trend of Zhou Zhejin has always been bearish. With the strength of several crude oil asphalt flipping positions with customers, I believe that Zhou Zhejin's friends can follow the above operational suggestions to resolve the situation. For specific actual trading operations, please privately chat with me. There are two days of ample time on the weekend to develop a solution strategy for everyone.


For friends who are interested in investing (crude oil, natural gas, asphalt) but have no way to start or are already in contact but not ideal, add analyst WeChat account:zjzy868(Long press to copy), obtain more real-time investment information, market trend analysis, and trading strategy guidance.


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writing/Zhou Zhejin


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