EUR/USD 1.18157
0.025%
Gold 3661.99
0.058%
Oil 63.546
-0.094%
USD/JPY 146.968
-0.009%
GBP/USD 1.36245
0.007%
GBP/JPY 200.241
0.009%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
ASB Bank of New Zealand: It is currently expected that the Reserve Bank of New Zealand will cut the cash rate to 2.25% by the end of the year.The Hong Kong interbank offered rate for one month in Hong Kong dollars rose 15 basis points to 3.36089%, the highest level in nearly four and a half months.On September 18th, many consumers reported on social media that they couldnt buy lemonade at various Mixue Ice City stores. A source close to Mixue Ice City reported that some stores in certain regions have recently experienced fluctuations in raw material supply due to weather delays in the arrival of a batch of imported lemons. Furthermore, Sichuan and Chongqing lemons have entered their harvest season and require storage for optimal taste, leading to supply shortages in some areas. However, overall lemon reserves are sufficient. A large volume of imported lemons is about to arrive, and the stored lemons have been evaluated and tested to meet usage standards. They are being distributed to stores, and the lemon shortages will soon be resolved.According to futures data from September 18th, Japans commercial crude oil inventories increased by 196,072 kiloliters to 10,698,257 kiloliters in the week ending September 13th. Gasoline inventories increased by 46,361 kiloliters to 1,691,790 kiloliters. Kerosene inventories decreased by 5,766 kiloliters to 2,692,860 kiloliters. The average refinery operating rate in Japan was 84.0%, compared to 87.6% the previous week.Samsung Electronics: Hiring 60,000 employees over the next five years; positions will focus on chips, biotechnology and artificial intelligence.

October 11 U.S. crude oil trading strategy: oil prices rose unilaterally, it is recommended to continue to do more on dips

Oct 26, 2021 11:01

On Monday (October 11), U.S. crude oil rose to a new high in nearly seven years. Short-term oil prices are still quite strong. Investors are advised to continue to buy more on dips.


Daily level: U.S. crude oil continues to maintain its strength in the short-term, and the energy crisis continues to expand, which boosted oil prices.

From a technical point of view, oil prices have risen strongly unilaterally, with long moving averages, and RSI has overbought signals, but it still cannot stop the crazy buying in the market.

At the same time, OPEC+ continues to increase production slightly, which is bound to increase the gap between oil supply and demand. Investors are advised to continue to do more on dips.

At the top, focus on the pressure of each integer mark, and at the bottom, focus on the 5-day moving average of 79.06 for preliminary support, and further focus on the 10-day moving average of 77.29 and the July 13 high of 75.51.

(U.S. crude oil daily chart)

Resistance levels: 82.00; 83.00; 84.00
Support levels: 79.06; 77.29; 75.51

Short-term operation advice: do more on dips.

At 14:23 GMT+8, U.S. crude oil was quoted at US$80.68 per barrel.

Suggestion