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On October 24, Zhongke Environmental Protection announced that its third-quarter revenue was 424 million yuan, a year-on-year increase of 9.39%, and its net profit was 102 million yuan, a year-on-year increase of 2.35%. For the first three quarters, its revenue was 1.272 billion yuan, a year-on-year increase of 6.06%, and its net profit was 298 million yuan, a year-on-year increase of 13.21%.According to Nikkei News: Japan and the United States will reach a cooperation consensus on artificial intelligence and next-generation telecommunications standards.On October 24th, Mark Dowding, Chief Investment Officer of BlueBay Asset Management, noted that US Treasury yields are likely to continue falling in the short term. The expected weakness in non-farm payroll data following the end of the US government shutdown, coupled with market expectations of an upcoming Federal Reserve rate cut next week, could push yields lower. However, BlueBay Asset Management believes this trend is unsustainable and plans to use the yield correction as a selling opportunity and shift to a shorter-duration strategy. Dowding analyzed that the weak employment data primarily reflects a reversal in immigration flows rather than a sign of a recession.On October 24th, newly released PMI survey data showed that the UKs private sector grew faster than expected in October, ending a year-long manufacturing contraction and suggesting that the economy is beginning to recover from the impact of the Labour governments tax hikes. S&P Globals preliminary data released on Friday showed that the UKs composite PMI rose to 51.1 from 50.1 in September, exceeding economists forecast of 50.5 and remaining above the 50 mark that separates expansion from contraction. Businesses reported that input cost pressures had eased to their lowest level since November of last year, and new orders also improved. This helped slow the pace of job losses to the lowest level since May, when businesses were just beginning to adjust to government policies that increased labor costs. The manufacturing sector saw the most significant improvement, achieving its first growth since October of last year.The onshore RMB closed at 7.1230 against the US dollar at 16:30 on October 24, down 9 points from the previous trading day.

U.S. crude oil trading strategy on October 14: oil price rises are suspended, activists can still do more on dips

Oct 26, 2021 11:03

US crude oil rose slightly on Thursday (October 14), and short-term oil prices still have a greater chance of rising, but the possibility of a callback is not ruled out. It is recommended that conservatives wait and see, and radicals do more on dips.


Daily level: The short-term rise of oil prices is temporarily suspended, but the supply and demand pattern behind it has not changed, so there is still a great opportunity for rising in the market outlook.

The technical overbought signal still exists, which has become a negative factor restricting oil prices. The possibility of oil price correction is not ruled out in the day, but the rise is still the main theme.

In terms of operation, it is recommended that the shorts leave the market temporarily, the activists can continue to buy more on dips, and the conservatives temporarily wait and see. At present, the overall oil price is still in the sideways stage.

The initial resistance above focuses on the October 11 high of 82.18, and further attention to the psychological barriers of 83 and 84.

The initial support below focuses on the 5-day moving average of 79.06, and further attention to the July 6 high of 76.98 and the 20-day moving average of 76.13.

(U.S. crude oil daily chart)

Resistance levels: 82.18; 83.00; 84.00
Support levels: 79.06; 76.98; 76.13

Short-term operating suggestions: conservatives wait and see, radicals do more on dips.

At 14:44 GMT+8, US crude oil was quoted at US$81.09 per barrel.