Zhang Yiqiao:1month16Do you agree with the analysis of the prelude to the sharp drop in daily spot crude oil prices?

　　Zhang Yiqiao:1month16Daily Spotcrude oilDo you agree with this analysis as a prelude to a sharp decline?

Win in execution and standards, lose in greed and fear


Next week, crude oil prices may collapse and fall, and many investors may not agree with such predictions. After all, crude oil prices showed a consecutive positive trend after consolidation last week. Although there was a unilateral decline on Friday, it seems somewhat thoughtless to say a sharp drop now. However, the statement that crude oil will plummet is not unfounded.


At least one indicator now suggests that crude oil may plummet.


Three years ago, the most popular article among social media finance related accounts was about crude oilfuturesTrader positions.2014year7At the beginning of the month, the net long position size of speculators reached a historic high, which made the market have to start worrying about potential significant downward trends in oil prices. If oil prices start to reverse their upward trend, then net long positions representing a large amount of funds will take risks to withdraw from the oil market. If you want to obtain accurate and real-time operational strategies for next week, or if you encounter any problems in investment that cannot be solved, you can add me, Wei Xinzhyq505I can steer you towards the right direction in investment decision-making and business management.


Now, history seems to be repeating itself, with net long positions reaching a historic high, which means oil prices will plummet?


Perhaps this viewpoint is a bit too one-sided, but it has to be admitted that crude oil prices have already experienced consecutive bearish periods on the weekly chart, and the main pressure position above it is undeniable5000The checkpoint has not been broken yet, and OPEC's production reduction is not as uniform as expected by the market. Shale oil production is also constantly increasing. Under various factors, crude oil may be entering a rhythm of sharp decline.


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Author: Zhang Yiqiao