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Yang Jingle:1month16dayOPECThe intensity of production reduction is suspected again, and spot crude oil may fall back and fall

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Yang Jingle:1month16dayOPECThe intensity of production reduction is once again suspected in spot productioncrude oilFear of falling back and falling



On Friday, crude oil prices remained strong overall, but the final closing performance was not very good, with a total decline after the weekly closing record3%The main reason is still due to market pressure on the Organization of the Petroleum Exporting Countries (OPEC)(OPEC)Doubts about the intensity of production cuts persist, followed by concerns about the slowdown in economic growth in China, the world's second largest oil consumer, leading to a deterioration in market sentiment.

  OPECAnd Russia and other nonOPECOil producing countries promise to start from1Production has started to decrease since the beginning of the month, and now1Two weeks have passed since the month. However, there is currently no conclusive evidence of a decrease in exports in the market. Market analysis, based on past situations,OPECThe compliance rate of production reduction can reach50%-60%It's already very good. If so, it would be extremely detrimental to the rise in crude oil prices.
  
Yang Jingle:1month16dayOPECThe intensity of production reduction is suspected again, and spot crude oil may fall back and fall399 / author:Yang Jingle / PostsID:427853


So from the external news that is happening in the current market, this has brought significant bearish pressure on the rise of crude oil prices. If there is no substantial improvement in the news next week, it may continue to promote further pullback and decline in crude oil prices.

Spot crude oil will focus on rebound resistance next week:4950-5000Below support attention:4900-4800.Due to the different trading positions of investors, the layout points of different trading positions can be added by Yang Jingle and Wei Xinyxys136Detailed inquiry
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I am Yang Jingle, a senior financial analyst who specializes in providing guidance on spot gold, silver, asphalt, and crude oil. For investment friends who need assistance, please contact meQQ:2602337936  WeChat:yxys136
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