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On March 8, spot asphalt oil was continuously dried. How long can the bull market last?
Crude oil may have gone up recently, and the increase always makes people feel unreasonable. It is always unreliable for major crude oil ministers to call for oil prices to come up, and investors who short on this basis have suffered heavy casualties. In the early stage, I analyzed the internal factors of crude oil bulls, so the market was running as expected. The key to boosting oil prices is not the propaganda of these ministers, but the internal supply-demand relationship is being eased, although the market has not yet become in short supply. But at least it has formed a normal long-short trend, so it is unwise to look at the new low of crude oil strength. As the relationship between supply and demand is tending to be balanced, the propaganda of these ministers and the upcoming meeting on frozen crude oil production are very important. In other words, you should at least understand the current trend of crude oil, that is, the unilateral decline has ended, and it will take time for the unilateral rise. This kind of shock will inevitably continue. In addition, the strong unilateral rise of the market after the sharp drop of crude oil in the previous period is very subtle.

Then let's look at the technical side. The daily 5-day moving average continues to support oil prices. Crude oil basically rebounded after hitting the 5-day moving average recently. The previous moving average runs obliquely, almost in a straight line. There is a slight sign of hook today, beware of short-selling in the market outlook, but we just plan ahead, that is, we need strict stop loss in operation. In operation, continue to follow the recent low-level thinking. As for the Asia-Europe market, we can seize a wave of callbacks, whether it is callbacks or short positions.

Besides, there are indicators. A number of indicators are seriously overbought, and bulls have been suppressed recently. K-line has been running on the upper rail of Brin belt. Technically, the market needs a short-term correction, and today's operation becomes obvious or difficult. Basically, the Asia-Europe market made a callback and then supported by the 5-day moving average. Bo rebounded and the US market continued to short the callback Bo. Of course, this sentence may be a bit difficult to understand. Simply put, it is optimistic about such a trend of falling first, then rising and then falling. There are many trends, and many reference indicators are exhausted and short;

Suggestions on operation of Ninggui asphalt

1, aggressive 3700 Asia-Europe short target 3650, manual stop loss above 3720;

2. During the European session, 3650 empty orders take profit and backhand long, with a target of 3700;

3. Re-enter the empty order above the US market 3730, with a stop loss of 3770 and a target of 3650-30;