USOIL:10/8 crude oil analysis,uptrend unchanged
Updated
At the beginning of the Asian market on August 10 (Thursday), U.S. crude oil was around $84.4 per barrel; U.S. oil hit a new high in nearly four months on Wednesday, and Brent crude oil hit the highest level since January. Production cuts by Saudi Arabia and Russia outweighed concerns about slowing demand in Asia. U.S. crude oil inventories climbed last week, while gasoline and distillate stockpiles fell as oil exports fell sharply, the U.S. Energy Information Administration (EIA) said on Wednesday. Crude inventories jumped 5.9 million barrels last week to 445.6 million barrels, with inventories at the Cushing, Oklahoma, delivery hub rising by 159,000 barrels in the week ended Aug. 4. Yesterday, the technical aspects of oil prices relied on the 82.9 mark as a whole and continued the trend of extremely strong bulls pulling up and breaking through the high. Breaking through the 84.8 first line quickly fell back to the 83 integer mark and then rebounded to a strong close above 84. The daily K-line reported a shock and broke the high school sun. Around -82.8, the intraday retracement relies on this position to continue to be bullish and then bullish. The upper target level continues to focus on breaking through the high. The recent bullish strong dividing line focuses on the 82.5 mark. Stepping back is an opportunity to do more.
Crude oil operation strategy: rebound to 85.6-85.9 empty, stop loss 60pips, target below 84.1.
Crude oil operation strategy: Step back to more than 83.2-83.5, stop loss 60pips, target above 85.5.
There is a large difference in the quotations of crude oil contracts, SL friends and the entry position can be set to 60pips
Crude oil operation strategy: rebound to 85.6-85.9 empty, stop loss 60pips, target below 84.1.
Crude oil operation strategy: Step back to more than 83.2-83.5, stop loss 60pips, target above 85.5.
There is a large difference in the quotations of crude oil contracts, SL friends and the entry position can be set to 60pips
Trade active
Profit from being long, continue to hold long orders in gold, and continue to look at 1930 for the next targetTrade active
Crude oil has arrived at the predetermined position, and the small position is long
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