Generally speaking, the general principle is to combine multiple indicators to judge the general trend, and to comprehensively judge in the fundamental direction.
This requires a certain amount of experience and knowledge accumulation, and beginners can do it well. Specific operations can be combined with the following points:
Fundamentals Fundamentals are usually important economic data, which can show changes in the supply and demand of crude oil.
The most important one is the weekly EIA crude oil inventory data of the United States, which has a very direct and rapid impact on the market.
In addition, the crude oil policy of the Organization of Petroleum Exporting Countries and the changes of crude oil production in major oil producing countries are the focus of our attention.
Generally speaking, an increase in supply is not good for crude oil, and vice versa. The fundamentals of crude oil are relatively simple.
Technical side. The technical side is the trend of K-line, which reflects the trading activities of the market. According to the trend of K-line,
We can predict the trend and position of market changes in the market outlook. The principle of analysis is to determine the changing direction of the general trend first.
The general trend determines the final trend of the market, and the principle of making orders is to follow the trend. Analysis can be combined with different periods and different technical indicators for comprehensive judgment. When multiple cycles and multiple indicators point out a direction, the specific operation direction can be established.