The supply is increasing Oil prices continue to bottom out

crude oilEarly review: The supply is increasing Oil prices continue to bottom out
                                                              －－－King Arthur
Crude Oil Eurasian Strategy:
　  US crude oil: it is recommended to wait and see
UK crude oil: advice to wait and see
Fundamental analysis:
Last Saturday01:00According to published data, as of4month28The total number of drilling operations at Baker Hughes Oil Service in the current week recorded697Mouth, previous value is688mouth,create2015year4The month has reached a new high. The increase in drilling continues to boost US crude oil production, hinderingOPECEfforts to balance the oil market have also limited the rise in oil prices. On the other hand, the Libyan National Oil Company stated that the country's daily crude oil production has increased to over76Ten thousand barrels, for2014year12The highest in the month, the plan is to continue increasing production. The increase in Libyan oil production has put pressure on market sentiment. Just like the increase in shale oil production in the United States, a sustained increase in crude oil production in Libya or Nigeria will weaken itOPECThe positive impact of the lead production reduction agreement on the oil market. Investors need to focus on tomorrow'sAPICrude oil inventory andEIAThe crude oil inventory data is expected to guide the market.
Technical analysis:
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   In terms of comparative analysis, crude oil1The hourly chart shows Brent crude oil in deep red and US crude oil in black. As the prices of Brent crude oil and US crude oil return to the stage of consolidation, their recent trends are roughly the same. From the above chart, it can be seen that during the process of unilateral increase and unilateral decrease in oil prices in the early stage, the trends of the two oil prices were completely consistent, but when entering consolidation and oscillation, there was a slight differentiation trend. It is expected that Brent crude oil and US crude oil will continue to maintain their current trend differentiation before the next unilateral market.
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crude oil30MAt the micro level, crude oil prices are currently in a downward channel, with the upper edge of the channel49.30And the lower edge48.00Appearing particularly important. Due to the continuous increase in fundamentals in recent times, oil prices have continued to decline and there is a possibility of further bottoming out. The future crude oil prices will only experience an upward trend49.30Or lower rupture48.00Only then can it be possible to open up new fluctuation ranges, otherwise limited to range fluctuations will not cause significant fluctuations. Today, it is recommended to continue watching and waiting for tomorrow's data.
Important data of the Asia Europe disk:

time	data	Previous value	expect
12:30	Federal Reserve of Australia Announces Interest Rate Decision	1.50	1.50
15:50	France4monthMarkitmanufacturingPMIFinal value	55.1	55.1
15:55	Germany4monthMarkitmanufacturingPMIFinal value	55.2	55.2
16:00	eurozone4monthMarkitmanufacturingPMIFinal value	56.8	56.8
16:30	britain4monthMarkitmanufacturingPMI	54.2	54.0
17:00	eurozone3Monthly unemployment rate(%)	9.5	9.4
Wednesday4:30	As of4month28Day and WeekAPIChanges in crude oil inventory(10000 barrels)	89.7

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Ouli Group reminds you:foreign exchangeThe London Gold Exchange carries high risks, with high leverage seriously affecting your profits and losses. It is recommended not to take risks that you cannot afford.

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