Zhejiang Hongdao Commodity Consulting Investment Hotline Online Recruitment Agent Commission Daily Rebate Retail Account Opening Rebate Rebate Timely A Regretful Surprise If the Fed is preparing to raise interest rates it would prefer to do so in the context of good news on the economy. Bullard said the slowdown in monthly job growth data was acceptable, but it looked like the era of job growth of 10,000 per month was over. Business hiring was weak in March but the labor market remains very strong. Fed officials should stop commenting on possible bases for rate hikes. Bullard said that based on reasonable assessment, the possibility of the Fed raising interest rates this month has dropped sharply. The Fed's decision to raise interest rates should be based on good economic conditions. But Bullard also pointed out that he is open to the outcome of the monthly meeting and will not prejudge. In his speech, Bullard mentioned that a rate hike in March was possible because it would ease his concerns. In addition, Bullard pointed out that the level of discussion on the economy during the US presidential election cannot reach the level needed. In addition, Bullard believes that the experience of Europe and Japan in using negative interest rates as a stimulus tool has been unsatisfactory. At the same time, Bullard reiterated that whatever the outcome of the Brexit referendum, it was unlikely to pose much of a problem to the US economy.
Oil prices climbed as Nigeria's oil field production was disrupted and U.S. crude inventories fell for a third consecutive week. U.S. crude oil futures rose for a third straight day on Wednesday and hit a new year high. U.S. crude oil futures rose cents or .% on Wednesday to close at .USD/barrel. The intraday high was .USD, the highest level in months. Brent crude oil futures rose .USD or .% to close at .USD/barrel.
The Niger Delta Avengers militant group refuses peace talks with the government and says it has blown up a Chevron oil well in Nigeria. Crude oil futures prices moved to new highs this year after the news broke. Nigeria, once Africa's largest oil producer, has seen its crude output fall to its lowest level in years due to actions by the Niger Delta Avengers.
In addition, the decline in U.S. crude oil inventories for the third consecutive week also caused oil prices to rise. Data released by the U.S. Energy Information Administration showed that U.S. crude oil inventories fell by 10,000 barrels in the week ending March 1, more than expected. However, gasoline inventories unexpectedly increased by 10,000 barrels, which was expected to decrease by 10,000 barrels. Crude oil inventories in Cushing, Oklahoma, recorded a decrease of 10,000 barrels that week. The previous value was a decrease of 10,000 barrels, the largest drop since March.
Asphalt Technical Analysis
On the hourly chart, the upper price is suppressed by the Bollinger Band upper track. The upper shadow line rises and falls back, and the Bollinger Band shrinks and consolidates. From a short-term perspective, I think there is room for further release of the energy of the bulls. The moving average system shows a short position arrangement and a cross upward. The daily moving average supports the daily lowest price. The support force is still relatively strong. The short-term trend is still volatile and upward.
From the daily chart, the line gradually moves to the middle track of the Bollinger Bands and then rebounds upward. The Bollinger Bands shrink and consolidate. D dead cross moves downward. The fast line has a turning head and forms a golden cross upward. The trend indicator is neutral but strong with green kinetic energy. The heavy volume of column D is gathering upwards and the daily trend is bullish.
Make suggestions
Support below and resistance above:
, It is recommended to place long orders nearby and stop loss point target for short positions
, It is recommended to place stop loss point target for short orders nearby
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