EUR/USD 1.14794
0.039%
Gold 4361.45
0.457%
Oil 96.215
-0.312%
USD/JPY 156.181
0.137%
GBP/USD 1.33585
0.007%
GBP/JPY 208.642
0.146%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Reserve Bank of Australia Governor Bullock: There is a general consensus that the neutral interest rate has risen.On September 18th, Nick Timiraos, a senior Federal Reserve monetary policy reporter for the Wall Street Journal, wrote that while Trump has consistently criticized the Fed for keeping interest rates too high, he claimed that he had endorsed the decision during a phone call with Fed Chairman Warsh a few days before the decision was made, following the Feds rate hike this week. According to sources, Trumps call with Warsh was unexpected for many of the presidents close advisors. This "truce" clearly indicates that Warsh has temporarily reversed the previous tensions where the White House viewed the Fed as an adversary. The risk is that this situation may only last until the Fed raises rates again. A senior government official stated that if the Fed decides to raise rates again in October (before the midterm elections), Warsh may find himself under even closer scrutiny from Trump and his advisors. Trumps description of a hostile Federal Reserve committee may leave investors wondering whether Warsh is leading the Fed or being manipulated by it.Futures News, September 18th: Overnight oil prices continued their decline. Domestic fuel oil producers lacked confidence in future trading, with market transactions driven by immediate needs. Downstream risk aversion intensified, and refinery shipments were sluggish. It is expected that fuel oil trading will remain stable in some areas today, while others will still see a narrow decline.Reserve Bank of Australia Governor Bullock: In the overall situation, the decline in house prices is not too significant.Reserve Bank of Australia Governor Bullock: We are considering whether we have a sufficiently tight policy.

October 1st US crude oil trading strategy: oil prices may remain volatile before OPEC+ meeting, it is recommended to wait and see

Oct 26, 2021 10:57

On Friday (October 1), US crude oil is almost stable. Short-term oil prices may continue to fluctuate. Investors are advised to wait and see for the time being.


Daily level: Oil prices tend to fluctuate at a high level this week. When OPEC+ is about to hold its October meeting, the bulls have reservations about the outlook for oil prices.

Technically, the moving averages are long arranged, MACD golden cross, RSI breaks out of the overbought range, and the pattern is positive for the longs. However, the risk of oil price decline cannot be ruled out. OPEC+ will meet next Monday to discuss further production increase plans.

It is expected that oil prices will continue to fluctuate before the OPEC+ meeting results, and the market will remain cautious. Investors are advised to wait and see for the time being.

The upper resistance is concerned with the high of 76.67 on September 28, and further attention is paid to the high of 76.98 on July 6 and the pressure of the various integer marks above.

Issue support to focus on the 10-day moving average of 73.52, and further focus on the 20-day moving average of 71.90 and the 100-day moving average of 70.18.

(U.S. crude oil daily chart)

Resistance levels: 76.67; 76.98; 78.00
Support levels: 73.52; 71.90; 70.18

Short-term operation advice: wait and see first.

At 14:19 GMT+8, U.S. crude oil was quoted at $74.94 per barrel.

Suggestion