Zhang Yiqiao:10month24After the technical correction of daily spot crude oil, it may regain its upward trend(Must See)

　　Zhang Yiqiao:10month24Daily Spotcrude oilAfter a technical pullback or a resurgence of upward momentum(Must See)

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. For more real-time market analysis, please follow Wei.letterzhyq505I have always believed that those who are good at guarding and hunting are good at hunting. If you have any orders, please consult me during trading.


The specific operational strategy for Xirui crude oil during the day is as follows:


　　1Rebounding from the volatile high point of last Friday night4780Short nearby, stop loss4810, Objective4720reach4730


　　2First callback4700reach4710Long range, stop loss4670, Objective4750reach4760


　　3Due 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 range50reach60The rebound of crude oil may have just begun.


A new week, a new beginning, a new transaction. From now on, don't worry about the gains and losses in the past. More importantly, grasp the present and look forward to the future. If you have any doubts about the trend direction, please follow me. I, Zhang Yiqiao, Wei Xin:zhyq505To provide you with guidance and analysis, Zhang Yiqiao is willing to communicate and discuss with you, and we are going further and further on the road of spot production.