Once losses occur, they are often reluctant to stop the loss and take up positions. This kind of thing happens too much. In fact, once you find that the direction of the market does not match the direction of your entry, it proves that your analysis is wr
Reuters quoted two OPEC sources as saying that the OPEC secretariat in Vienna has drafted a response plan for the end of the production reduction plan, which includes a variety of different options, and discusses what the plan will look like before the en
The production restriction agreement has helped the oil market rebalance in the past eight months, and has allowed oil prices to rise from US$27 per barrel in 206 to US$75 per barrel. This agreement was supposed to last until the end of 208, but after Tru
In addition, the Feds economic Beige Book released later, although it still conveys a optimistic stance on the US economy. However, the report also stated that although production activities in US factories accelerated in late April and early May, there w
Both the daily and weekly charts of crude oil prices show bullish signs of oil prices. The uptrend channel is intact and the support is strong, and the Bollinger Band three tracks are trending upwards, which all indicate that crude oil prices are still bu
China Oil Net, June 29. Today is the last trading day of the week and the last trading in June. After today, the crude oil market will enter the second half of 208. In the past 6 months, crude oil prices have pulled up sharply due to favorable conditions.
At the same time, its statement on the oil issue also has forward-looking guidance for other OPEC members, which provides a guarantee for oil supply. The only factor of uncertainty is that at the June meeting, the other 22 member states may have objection
US President Trump said last week that North Korea’s progress is very optimistic, and that the Special Gold Conference in Singapore on June 2 is the beginning. The meeting with Kim Young-cheol, vice chairman of the Central Committee of the Workers’ Party…
Oil said in its earnings report on Tuesday that OPECs recent developments will determine Russias crude oil production in the second half of this year. But the company cannot control how OPEC will develop and whether the organization can make strong decisi
As investors, you should not expect any data to have the same volatility. Any data has low and peak seasons. We must pay attention to the data but do not rely on the data. We should have our own principles and methods of ordering and trade rationally.The
In addition, the market is worried that light crude oil produced in the Permian and heavy crude oil from Canada will form a competitive situation. Because the latter is cheaper, refineries on the Gulf Coast favor it. In addition, heavy crude oil can be re
In recent days on May 5, under the support of various news, the price of Brent crude oil seemed unstoppable. In less than a day after breaking through the $78 mark in the US market overnight, it captured another $79. The key mark is close to the $80 mark.