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Ying Wanru:3month23EIAA significant increase in crude oil inventories may stifle the bullish rebound in crude oil, and hope for future market analysis

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Ying Wanru:3month23EIAcrude oilLarge increase in inventory or suppression of bullish rebound in crude oil: hope for future market analysis

US Energy Information Administration(EIA)Wednesday(3month22day)The released data shows that last week, US crude oil inventories increased more than expected, while gasoline and refined oil inventories decreased. At the same time, crude oil inventories in the Midwest and East Coast regions of the United States have both risen to historic highs. In addition, domestic crude oil production in the United States increased last week210000 barrels to912.910000 barrels/Day, continuous5Increase and maintain on a weekly basis90010000 barrels/Above the Sun Pass.EIAAfter the data was released, the US crude oil market experienced a short-term decline, and Brent crude oil prices have been declining since last year11For the first time since the beginning of the month, it has fallen below50dollar/Bucket. If your investment is still in confusion, you can ask me, Yingwanru guides the WeChat groupjs6486One more suggestion, one more reference. Whenever you have any questions, I will also answer them carefully for you.

But it is worth noting here that although oil prices may varyEIAShort term decline after data release, but after touching47After quickly rebounding near the front line, it proves that there is still some rebound momentum in the bulls. We need to see that crude oil inventories in the United States continue to rise, andOPECIn the absence of any other positive news, although oil prices cannot effectively rebound, they have not fallen significantly. This indicates that even if there are recent news of increased US crude oil production or inventory, it may not cause significant fluctuations in oil prices, at least not a significant decline. So while we are bearish on crude oil, we should not blindly chase after it.

From a technical perspective, crude oil in the daily chart is still in a bearish trend, with overnight inclusion ofKThe offline shadow is relatively long, indicating strong support below, but there is not much upward space above. On the four hour chart,kOffline threading of the Bollinger belt with mid rail support, currently approaching the support of the lower rail line, the Bollinger belt is running smoothly with a contracted mouth,47Nearby, there was a slight rebound supported, but the upward movement was not strong. On the hourly chart, the rebound has not yet broken through the previous high point49.55On the front line, the market may continue to fluctuate and decline in the future. In summary, crude oil may continue to decline, so the author suggests that the intraday operation should still focus on a rebound high-altitude strategy,48.7Short selling and stop loss available nearby0.4USD, let's take a look first48First line, look again47.5Near.

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