Yang Jingle:10month24The Japanese crude oil market is mixed with long and short positions, with overall short selling accompanied by short long before breaking the level

Yang Jingle:10month24daycrude oilMarket sentiment mixed with bullish and bearish sentiment, with overall short selling accompanied by short long before breaking through levels

Crude oil market, mixed with bullish and bearish news this week, US crude oil is hitting new highs15After reaching a new high for several months, there has been a slight decline, but we still hold on to it50Above the integer level of the US dollar, the market is relatively optimistic. But major market analysts believe that if oil prices fall below first50The US dollar may have a significant downward impact on oil prices. Teacher Yang's 18 hour online guidance:26023-37936Short term, medium to long termVIPGroup:29915-4313Note: Yang Jingle, official WeChat:yxys136Get a free online ordering experience at the current price, and we can also provide you with a free solution

On the news surface, this week's positive statement by Saudi Arabia's oil minister on production cuts helped further push up oil prices, believing thatOPECAnd nonOPECWe will act together, now until11The specific quantity of production reduction will be determined on a monthly basis, and in the short termOPECIntervention in the oil market is reasonable;However, the reason why oil prices have fallen again is because the market also believes that:OPECThe decision to intervene and tighten crude oil supply has indeed played a role in turning the tide, but whether reducing production can drive oil prices to continue rising remains to be seen. The mixed market sentiment of long and short positions creates opportunities and risks for both oil price fluctuations.

Technically speaking, oil prices have not broken the current range42-52The US dollar, therefore, forms more of a wide range of internal oscillations, and a pullback at the top of the range is a normal market reaction. Therefore, the current trend in the technical chart is a pullback at the top of the range. If this decline does not have significant positive effects to stimulate oil prices to break through, it is recommended to continue to operate as a whole and short sell as well, with a suitable short long position;

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