Review of crude oil trend: US WTI crude oil 65438+February futures closed down 0.26 USD, or 0.43%, at 59.93 USD/barrel on Monday (165438+ 10/2). Brent crude oil 65438+ 10 futures closed down 0.06 USD, or 0.08%, to 70. 18 USD/barrel on Monday. Although Saudi Arabia and other countries have stated that the reduction in production has brought effective support to oil prices, US President Trump once again urged not to cut production, which led to the late ups and downs of oil prices, and finally closed down in consecutive 1 1 trading days, the longest losing streak in history. The US WTI crude oil futures price hit an intraday low of $59.58/barrel, while Brent crude oil futures price hit an intraday low of $69.74/barrel.

Analysis of crude oil trend: Yesterday, crude oil opened at 60.70, and the white market rose to 6 1.28. Since then, the price has been slightly consolidating at 60.50, and the price in the US market has fallen again after midnight, with the lowest falling to 58.68. Finally, the daily line received a big yinxian at 58.84. On the daily line, crude oil continued to fall, the lower rail of the Bollinger Band continued to open downwards, and the K line continued to explore. On the whole, the daily line is still biased towards shorts. In 4 hours, a group of moving averages are arranged downward, once again forming a double dead fork situation. The moving averages of MA5 and MA 10 form a resistance point at 60, and the moving average of MA30 forms a resistance point at 6 1. Focus on whether crude oil will continue to break the new position of 58.68 during the day. If it falls again, crude oil will continue to fall. If you consolidate again, there is still the possibility of turning your head upwards. Operationally, it will rebound to above 60 and enter the air.

Suggestions for crude oil operation:

1, crude oil 60.50-6 1.00, loss 6 1.30, target 59.70-59.50;

2. Crude oil can be distributed in ultra-light warehouses. The current price of long-term multiple orders is 59.00. Add one order for every big drop, and then rebound to 65.00.