Current crude oil trend

Current crude oil trend

The double needle sCurrent crude oil trendhape in the rising trend is called double needle probing, which has the following characteristics:“

November 19), and are expected to increase by 150 yuan / ton (0.11 yuan / liter-0.14 yuan /

Next, Baker Huges' weekly number of oil rigs will attract the attention of crude oil investors (previously, the number of active US oil drilling wells decreased from 33 to 292 in the week ending May 8, falling for eight consecutive weeks to a new 11 year low). Of course, investors will continue to pay close attention to coronavirus related developments and their impact on global markets in search of any short-term trading opportunities for oil. "

fall into the illusory trap of chasing exorbitant profits. Although this kind of recognition

Yesterday's crude oil peak near 33.1 and retreat point 31 formed a storage type amplitude saw. According to the market dynamics and technical analysis, the high level of KDJ consolidation in the hourly chart has a downward trend, and the MACD zero axis has formed a cross detour. However, the cross direction needs to be followed up, but the general trend is still inclined to rise. We will treat the secondary as a saw and wait for the EIA data to be provided by the market Future direction.

Current crude oil trendsupport, break possibility is very small, but if break, the lower concussion range around

To sum up, with the price push up, the profits of downstream enterprises will be restrained