Macro Markets trading analysis: The bullish momentum is too aggressive, the layout is mainly
Summary:
The market weighing interest rate reduction expectations and supply and demand prospects, the oil market fluctuations will continue.
Fundamentals
WTI crude oil rose for the third consecutive trading day. During the New York period, the transaction price of this product was about $ 83.20 per barrel.The reason for the continued rise in crude oil prices is the supply restrictions caused by OPEC+production reduction.
WTI crude oil may be affected by the API and EIA inventory data released later this week, as well as the impact of US non -agricultural employment data that may affect the Federal Reserve's interest rate cuts.At the same time, employment indicators higher than expected may also affect market emotions.
The market is expected to slow down in March, which may trigger expectations for early easing policies and transform into the income of risk assets such as crude oil.But then again, the rise of the report in the past four months is surprising. Therefore, another strong data may be transformed into more than the dollar, because people expect that the cost of borrowing will remain on the longer time for a longer period of time.High level.
Market observation.The supply of supply caused by the upgrade of the land is promoted. In mid -March, crude oil prices have risen rapidly. Although the Federal Reserve ’s interest rate cuts are delayed and the increase in US crude oil inventory, such as the increase in US crude oil inventory, the increase in oil prices has reached the vomiting of crude oil prices.At present, the market continues to pay attention to the development of the geographical situation and the expectations of the Federal Reserve ’s interest rate cuts. The continuous trade -offs of the supply and demand prospects of the oil market will increase the volatility of the market. It is expected that short -term oil prices are mainly organized.
Technical Noodles
WTI crude oil is still rising on Monday, breaking the attention area in the long -term range.In this way, crude oil prices may aim at higher upward targets.
At present, the price is breaking through the resistance area around $ 83.30, and may continue to rise to the next resistance range of $ 85.50.However, technical indicators indicate excessive rebound.
First of all, random indicators are already in a super -buying state, indicating that the bulls have been exhausted; therefore, lowering may mean that the pressure of the drop is intensified.The relatively strong index is also close to the super -buying area, which means that the bullish momentum may soon fade.
If the resistance level is kept, the price of crude oil may fall to a range support level of about $ 80.00.100 SMA below 200 SMA indicates that resistance is more likely to keep instead of breakthroughs, but the moving moving average may only oscillate to reflect the contraction of the interval conditions.The price is higher than these two indicators, so these indicators can also be supported by dynamic dynamic support.Layout.
Transaction Suggestion
Trading direction: empty
Entry point: 84.30
Target point: 77.89
Stop loss point: 87.00
Valid until: 2024-04-15 23:55:00
Support points: 82.31, 80.80, 79.98
Resistance points: 84.29, 84.56, 85.55
Risk prompts and exemption clauses
Market risk, the investment need to be cautious.This article is for reference only, does not constitute personal investment suggestions, nor does it take into account the special investment goals, financial conditions or other needs of some users.Based on this investment, the responsibility is on the responsibility.
