Jinrui Bulk Commodity Consulting - Merchant Hotline Online Recruitment Agency Commission Daily Returns for Retail Account Opening and Timely Returns
Crude oil futures began to rebound after hitting a year low in January this year, although they have recently declined again. After closing at a low of . US$/barrel on March 1, the price of crude oil futures for delivery on the New York Mercantile Exchange almost doubled and once rose to a monthly high of over US$/barrel at the close of Wednesday (May 1). However, on Friday, global stock markets generally fell. Following the Hong Kong and Japanese stock markets, European and American stock markets also opened lower and moved lower. Prices of traditional safe-haven assets such as gold and U.S. Treasuries rose. Oil prices also extended losses, with monthly futures falling .% to USD/barrel. Brent oil futures fell .% to USD/barrel, further away from the year's high hit earlier this week.
Analysis of the reasons for the sharp rise and fall in oil prices
The news is superficial
Surge: Expectations of the Federal Reserve interest rate hike faded, the dollar continued to weaken, concerns about supply disruptions caused by Nigeria, the reasons for the decline in inventory data were greater than expected and continued Reduced in the third week.
Plunge: The number of U.S. oil rigs has bottomed out and oil prices may be difficult to continue to rise. The number of U.S. oil rigs has bottomed out, and supply is sufficient to outweigh the impact of the Nigeria attack. Asia - The price difference between high-sulfur fuel oil fell to seven months on Thursday (Monday). Lows and a rebound in the U.S. dollar continue to drive higher, weighing on oil prices.
So what should we do if there is a trap in this roller coaster market?
Oil prices first rose and then fell last week and finally ended basically flat. At present, it is estimated that only long orders are still trapped. The continuous rise in the first three trading days made the bulls more arrogant and investors became more enthusiastic about doing long. However, the sharp decline in the last two trading days made the long orders instantly trapped. Shorts reverse the situation
, rebound-short stop loss target of 1 point
, hit the first line to enter the market with a stop loss target of 1 point
, pull back above the break position and enter the market with a long order target
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