Yesterday, the market announced the ** inventory data, not surprisingly bullish across the board**. In yesterday's analysis and the recent layout of the third monthly trading plan, I have followed up with you on the bullish idea. Overall, the inventory is showing a trend. This also echoes the increase in the market's consumption of energy inventories after Russia's ban on gasoline exports began in March, so from a fundamental point of view, our bullishness in March is also in line with the current environment.
International oil prices have rebounded due to Saudi Arabia's surprise increase in official ** prices for Asia and the escalation of tensions in the Middle East. From the perspective of the energy distribution of major countries, oil-producing countries hope that oil prices can have more profit margins, and this trend is becoming more and more obvious from OPEC's continuous production cuts. So as for whether the current oil price will be more in the future, in my opinion, the basic environment is supportive.
In particular, the impact of the war on oil prices, on the one hand, energy consumption is bound to increase. At the same time, due to the war, there will be more accidents in the oil field. Therefore, the overall bullishness remains unchanged. The US EIA gas inventories (100 million cubic feet) for the week to March 1 that we should focus on this evening
From a data perspective, the previous value was -96 billion cubic feet, and the expected value was -40 billion cubic feet. Looking at the expected values, the inventory data has increased. However, judging from the data chart, the current inventory is showing a continuous trend. Corresponding means an increase in economic activity, for energy consumption. So tonight's data I'm still bullish on bullish**. After all, the overall inventory data is in**.
Yesterday's ** trade was from 775 bullish to 784. If you choose to take profit, you will be able to pull it up to 79 sharply9。Although there is no profit to get a high point. But on the whole, the ** that buys up is still a certain advantage. Of course, there is no overnight position. Today's ** is back again, originally considered in the morning because of yesterday evening data, oil prices from 78Start strong around 1**. I feel that there are more long positions in the market around this ** to push ***, so today I want to take a look at 781 near the ** performance, and then consider whether to enter the market to be bullish.
In addition, from a technical point of view, the support of the harpoon line in our monthly trading plan in March reminds us that the ** support we are concerned about today is still biased towards 77Appears near 6. So these two positions will be the key positions for me to focus on whether to enter the market. If there is a reversal in the market outlook**, if the trend line is valid, I personally think that it can still continue to be bullish according to the original formula.
However, I would like to remind everyone here to pay attention to risk control when doing speculative trading, and once the ** is broken, it is necessary to readjust the thinking. That's all for today's ** analysis, I wish you all a happy transaction.
The above content is a personal opinion and is not used as a basis for investors. If you agree with my point of view. Welcome to follow, like, ** If you disagree with my point of view, you are also welcome to teach and correct. Personal originality, it is not easy, without permission, shall not be carried **, thank you for your understanding
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