Yang Jingle:10month24Doubts are looming over the subsequent frozen production, and there is a demand for technical correction in crude oil

Yang Jingle:10month24Doubts are looming over the subsequent frozen production,crude oilThere is a need for technical callbacks

At last month's meeting in Algeria, the Organization of the Petroleum Exporting Countries(OPEC)Unexpectedly, a production reduction agreement was reached, hoping to stabilize the oil market and boost oil prices. But just over the weekend,OPECThe second largest member country, Iraq, withdrew before the production reduction agreement.

Iraqi Oil Minister Al Assad said at a press conference in Baghdad on Sunday that Iraq should be granted exemption from production cuts due to its involvement in the war with the extremist group ISIS. The agreement reached last month wasOPECThe first production reduction agreement in eight years,Currently,OPECWe are seeking other oil producing countries to also join the agreement. Oil prices this year1Monthly plummet to12The low level of the year has seriously damaged the financial budgets of member countries. This also led toOPECUltimately, we had to abandon the two-year policy led by Saudi Arabia of unrestricted production to protect market share. On the other hand, Russia, the world's largest energy exporter, once again refused to commit to joining the production reduction plan on Sunday. After meeting with oil ministers from Gulf countries, Russian Energy Minister Novak stated that Russia has not yet determined whether it will freeze or reduce production, and is examining "various situations" that promote the recovery of the oil market. The market remains skeptical about the sustainability strategy of the freeze production agreement, and crude oil prices in Asia opened lower in the morning.

Technically speaking, although Xirui crude oil showed signs of rising and falling last week, the final weekly trend still closed with a positive trend, and the weekly trend is currently approaching5Lianyang has had the most consecutive consecutive weeks in recent times, with the moving average diverging upwards. The overall bullish atmosphere has not changed, and the daily chart is currently experiencing high volatility after rising. We are waiting for market news to guide us to further choose our direction. After a short opening and a low opening in the morning, there is a need for further correction in the technical aspect. We will closely monitor the impact of comments from oil producing countries in the near future.

Specific operational strategies for Xirui crude oil(Jiayang Jingle WeChatyxys136)：

　　1. Bounce from last Friday night's volatile high point4780Short nearby, stop loss4810, Objective4720reach4730

　　2. First callback4700reach4710Long range, stop loss4670, Objective4750reach4760

　　3.Due to the unchanged overall bullish pattern, those with certain financial strength can adjust their weekly chartMA5The position enters the multi order layout, roughly located at4680Nearby, and at the same time, international oil prices have fallen50Nearby, new oscillation range50reach60Crude oil rebound or just beginning

The author Yang Jingle has been working in the financial industry for about five or six years and has encountered many clients. Most of them are in a loss making state, and their only concern is how I can change this situation?But never starting from reality, reducing losses. You need good teacher guidance and good teamwork. If you haven't done it yet, if you have lost money, you need to recover it. Quickly add me on Yang Jingle's WeChat accountyxys136Say goodbye to the losses.