Macro Markets Juli Trading Analysis: Before the benefits are fully fulfilled, there is still a possibility of crude oil.
Summary:
The expectations of the European and American central banks may stimulate the global economy, and the demand for crude oil may rise, and the problem of geopolitical situations and OPEC+production reduction have increased crude oil supply risks, and oil prices may rise further.
Fundamental
Since the beginning of this year, as the market is expected to reduce interest rates in the second quarter, the central banks such as Europe and the United States will reduce interest rates in the second quarter.%.
The recent trend is still continuing. Last week, the Swiss Central Bank accidentally launched the first shot of interest rate cuts. Perhaps accelerating the opening of a new round of loose cycle in the world. At present, the popularity of the Central Bank of Europe and the United States in June is very high, which will help boost the economy and the economy andStimulate the demand for crude oil consumption.
At the same time, concerns from the supply side are also increasing, and the hope of ceasefire cannot be seen in the Middle East. The serious casualties that Russia just encountered the terrorist attacks has continued to upgrade the geographical tension.It is likely to disturb the production and exports of crude oil and fuel.
In addition, Russia is committed to fulfilling their commitments to OPEC+ production reduction. The government has ordered that oil companies will reduce output in the second quarter to 9 million barrels per day.Next week, OPEC will hold a new round of policy conferences, and Saudi Arabia may also extend its voluntary additional output plan for 1 million barrels per day.Due to these supply and demand factors, crude oil prices may rise further, and bulls should be prepared.
Technical
From the 4H map, the WTI continues to fluctuate up. Although it is slow, it also gets rid of the resistance level of the 80 mark. After the short -term adjustment, it is expected to continue the upward trend.If the price of oil exceeds 83, the next resistance may appear around 86. Above this, the hope of subsequent impact on the 90 mark will increase greatly.
The operation is mainly to do many dips. At present, the price can be adjusted to 81.2 to stabilize more. The initial target is located near 86, and the stop loss is set below 80.
Transaction advice
Trading direction: Multi
Admission position: 81.2
Target level: 86.0
Stop loss: 79.7
Low support bits: 81.0/80.0
Upper resistance level: 83.0/86.0
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.
