Crude oil analysis signals make you money easily
https://www.tradingview.com/x/cgl6DPcy/
In the short term, the oscillation pattern of crude oil and fuel oil futures may continue
On March 12, crude oil varieties fell as a whole yesterday, especially fuel oil futures fell significantly.
1. The weakening of macro factors has hedged the benefits of OPEC+'s extension of production cuts. The weakening of oil prices has led to the decline in the support effect of fuel oil costs. Coupled with the recent decline in the shipping index, the outlook for fuel oil demand has dimmed. In the context of weakening demand factors and cost support factors, domestic fuel oil futures fell significantly this Monday. Although the market has always been skeptical about whether OPEC+'s production cuts are sufficient, there is no doubt that the oil market's supply and demand balance is in a relatively healthy state due to OPEC+'s efforts to reduce production.
2. The periodic decline of crude oil is the main factor driving the decline of oil products. Since the implementation of the OPEC+ production reduction plan, the market's trading focus has begun to shift to demand. Crude oil is still in a range-bound oscillation pattern, and there is great pressure on both long and short positions. Among them, OPEC+ production cuts provide bottom support at the bottom, and weak demand is suppressed at the top. There is no improvement in the long-short logic in the short term.
According to the current trend of crude oil, the price of crude oil is basically fluctuating between 78 and 78.5 US dollars. At this stage, the crude oil price reached 78.6 and was unable to break through due to resistance, and then fell again. As far as the current trend is concerned, the crude oil price is oscillating at 78 US dollars. Please pay attention to my signals at any time. Only then can you make the right choice.
It is recommended to go long at low prices in the short term: go long around $78.0
I will share trading strategies and trading ideas every day. Listen to my signal and advocate seeking victory in stability and not making rash advances.
For those who want to make easy profits, follow me in the channel at the bottom of the article to get detailed trading signals. I hope that with my help, everyone can make huge profits!
In the short term, the oscillation pattern of crude oil and fuel oil futures may continue
On March 12, crude oil varieties fell as a whole yesterday, especially fuel oil futures fell significantly.
1. The weakening of macro factors has hedged the benefits of OPEC+'s extension of production cuts. The weakening of oil prices has led to the decline in the support effect of fuel oil costs. Coupled with the recent decline in the shipping index, the outlook for fuel oil demand has dimmed. In the context of weakening demand factors and cost support factors, domestic fuel oil futures fell significantly this Monday. Although the market has always been skeptical about whether OPEC+'s production cuts are sufficient, there is no doubt that the oil market's supply and demand balance is in a relatively healthy state due to OPEC+'s efforts to reduce production.
2. The periodic decline of crude oil is the main factor driving the decline of oil products. Since the implementation of the OPEC+ production reduction plan, the market's trading focus has begun to shift to demand. Crude oil is still in a range-bound oscillation pattern, and there is great pressure on both long and short positions. Among them, OPEC+ production cuts provide bottom support at the bottom, and weak demand is suppressed at the top. There is no improvement in the long-short logic in the short term.
According to the current trend of crude oil, the price of crude oil is basically fluctuating between 78 and 78.5 US dollars. At this stage, the crude oil price reached 78.6 and was unable to break through due to resistance, and then fell again. As far as the current trend is concerned, the crude oil price is oscillating at 78 US dollars. Please pay attention to my signals at any time. Only then can you make the right choice.
It is recommended to go long at low prices in the short term: go long around $78.0
I will share trading strategies and trading ideas every day. Listen to my signal and advocate seeking victory in stability and not making rash advances.
For those who want to make easy profits, follow me in the channel at the bottom of the article to get detailed trading signals. I hope that with my help, everyone can make huge profits!
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