Yin Haochen: Heavy fighting between crude oil and air Can frozen production be reversed50crisis

Saudi Energy Minister Fateh on Wednesday(10month19day)Point out that,OPECAnd 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; Falih also pointed out that nonOPECThe state plays a huge role in market stability; Many nonOPECThe country is willing to reduce production, and collaborative action can bring about health improvements in the oil market. Organization of the Petroleum Exporting Countries(OPEC)Intended to11month30Daily meeting, hoping to reduce production daily50-100Ten thousand barrels make a decision. The organization hopes that nonOPECThe country, especially Russia, can also cooperate in action. Next week, some investors may choose to wait and see in the market.
　　
The largest domestic oil manufacturer in RussiaRosneftThe CEO's previous remarks further pressured oil prices, stating that the country has the ability to further increase production2Billion metric tons/Year, or40010000 barrels/Heaven. Russia9monthcrude oilThe total production reached a historical high112010000 barrels/Tian has consolidated its position as the world's largest crude oil producer.
　　
Baker Hughes, an American oil service company, Friday(10month21day)According to published data, as of2016year10month21The number of active oil wells in the United States increased during the current week11Seat to443Seat, for consecutive times8Weekly increase; As of10month21The total number of active oil and gas drilling in the United States increased during the current week14Seat to553Seat.
　　
Market Review:
　　
Last week, international oil prices rebounded slightly after surging, and earlier, US crude oil12monthfuturesOnce refreshed15Month high52.22dollar/Barrel, due to the United StatesEIAUnexpected significant reduction in crude oil inventories; However, the subsequent decline of US oil prices from high levels and the possibility of Russia continuing to increase production have caused some bulls to profit in anticipation of further actions by oil producing countries to limit production. The strengthening of the US dollar has also limited the upward space for oil prices, and US oil closed at51dollar/Bucket integer threshold, oil distribution received51.92dollar/Barrel, currently the market believes that there is still a risk of a pullback in oil prices this week, but the median is still bullish. Oil prices opened low and closed low this morning, experiencing pressure and a decline. Currently, they are consolidating in50.6Near the US dollar. Regarding the trend of crude oil today, the author believes that oil prices will still face challenges50The battle of the US dollar, I am still optimistic about the bulls.

　　

Technical analysis of crude oil:
　　
CurrentlyOPECThe production restriction agreement is still fermenting, and many investors are looking forward to Russia andOPECReaching an agreement to maintain oil prices at50Above USD, currently50The checkpoint remains crucial, and the news of frozen production requires our continuous attention. On the daily chart, crude oil charged a bullish candlestick last Friday, but today's opening oil price did not continue the rebound trend of last week and instead fluctuated and fell. Currently, the oil price has fallen and is being consolidated50.6Near the US dollar, the Bollinger Bands still operate in a contraction pattern,MA5/MA10The moving average crosses upwards and is subject to5Daily moving average at50.94Suppression around the US dollar,MACDIndicator on0The intersection and bonding above the axis consume almost all the red energy; From the four hour chart, it can be seen that oil prices are operating in the middle and lower tracks of the Bollinger Bands, and in the short term, oil prices are under pressure on the middle and lower tracks of the Bollinger Bands51.03First line USD,MA5/MA10Above the oil price50.7Cross trading near the US dollar and obstructed above20Daily moving average, with accompanying imageMACDIndicator on0Near the axis, there is a dead cross operation, and the green kinetic energy continues to decrease and weaken; From a comprehensive analysis perspective; Last week onOPECAmidst the expectation of reaching an agreement to boost oil prices and the limited increase in US drilling rig data, oil prices have jumped up and down, leading to a strong rebound in bullish oil prices51The US dollar is at the integer level, but today oil prices are limited by the upper limit and are expected to fall50.6Near the US dollar, but for today's intraday trading strategy, the author Yin Haochen suggests operating within a range, which is authoritativeyhc1340Real time guidance, focusing on long positions, while in the evening, it is recommended to prioritize long positions even without any news stimulation. But currently, the pressure level of oil prices remains to be seen in the short term51.0The integer level of the US dollar, if it breaks through and stabilizes at this level, there will definitely be a resurgence of gains in the future, but below50.3The US dollar level is also a key focus that needs to be paid attention to in order to prevent bears from rebounding. The author's official account Yin Haochen reminds that the market is changing rapidly, please do a good job in risk control.
　　
Pressure level: 51.0/51.6
　　
Support position:50.3/49.8
　　
Crude oil operation strategy:
　　
Strategy 1: Suggestions50.3—50.5Long nearby, stop loss50.0Below, the target is looking towards51.0—51.2；
　　
Strategy 2: Suggestions51.5Short nearby, stop loss0.4Target Look51.0, hold against the limit;
　　
Strategy 3: The above strategies are from analyst Yin Haochen and are for reference only. Real time strategy analysis is provided.


    Kind reminder: Due to the large number of platforms, I am unable to read and write down the points of different trading faces one by one. Products such as crude oil accessories, fuel oil, etc. can be converted or compared to entry points. Normal platform fluctuations are consistent with international oil trends, and specific details can be discussed with the author Yin Haochen himself. The above is the author's personal opinion, and operational suggestions are for reference only. If you have difficulty with your orders or your investment often shrinks, then you can pay more attention to the author. Professionalism achieves quality, while strength builds reputation. The financial field is extensive and profound, and the market fluctuates constantly every day. What I can do is to use my years of research experience to help everyone and pay attention to official account Yin Haochen. Daily push of crude oil, silver, and natural gas analysis, precise positioning, detailed trend analysis, to guide you in the right direction.