Dong Chenying:10month24Crude oil enters sideways trading, with news stimulating whether it can break out of new highs?

Dong Chenying:10month24crude oilEntering the sideways market, can the news stimulate us to reach new highs?

The crude oil price has been at a high level during this period, and a horizontal pattern has appeared on the technical chart. Mainly because the impact of the news is becoming increasingly lackluster, and with no fixed prospect of interest rate hikes in the United States, the market dare not overly look unilaterally. Currently, the market sentiment is generally optimistic12The Federal Reserve will raise interest rates in the month.


With the news of frozen production calming down, the market has gradually entered a state of calm, despite the continued positive comments from Saudi Arabia and Russia on crude oil prices last week. However, such positive news is limited. In the morning, crude oil still showed a certain low opening, indicating that after the crude oil market was under pressure at the top, the stimulation of news could not lead to a new high in prices, and there would still be some selling.


At present, the news is gradually fading, and there will be more and more selling in the crude oil market. The main pressure currently above is located4770Nearby, it is expected that after the market test reaches this position, there will still be some decline. It is recommended that investors continue to focus on this main pressure position and maintain a short selling strategy at high points in their operations. Investors can add me, WeChatsed856The author reasonably grasps profits based on your funds and position situation. Wait until the position is broken and then pay attention to the unilateral situation.


　Real time operation strategy for fuel hydrocarbons:


　　1.Callback oscillation range low4730reach4740Long range, stop loss4700, Objective4780reach4790


　　2.Rebound breaks through Friday's high and daily chart5Daily moving average position4785On the front line, consider a pullback4770reach4780Take the trend long and stop loss in the interval4740, Objective4820reach4830


　　3.rebound4830(rebound61.8%Location of)Short selling, stop loss4860, Objective4790reach4800The above operational strategies are mainly analyzed based on the author's intraday trend. If you have different intraday trend points, you can add the author's WeChat accountsed856Consult specific locations.