Market News April 26 US crude oil trading strategy: Asian epidemic intensifies demand concerns, short-term oil prices are still in danger
April 26 US crude oil trading strategy: Asian epidemic intensifies demand concerns, short-term oil prices are still in danger
Although concerns about the geopolitical situation still exist, and some bargain hunting offers support for oil prices, the global central bank tends to gradually raise interest rates and tighten monetary policy, the dollar is strong, and Russia’s supply to some countries has not decreased but increased, and the Asian epidemic has attracted some The wording of the lockdown has greatly suppressed the demand outlook, and short-term oil prices still face greater downside risks.
2022-04-26
9867
During the Asia-Europe session on Tuesday (April 26), U.S. crude oil fluctuated in a narrow range and is currently trading around $98.93 per barrel. Although concerns about the geopolitical situation still persist, some bargain hunting offers support for oil prices, but the global central bank tends to gradually increase the price of crude oil. Interest rates have tightened monetary policy, the US dollar is strong, and Russia's supply to some countries has increased rather than decreased. The Asian epidemic has led to some lockdowns, which have greatly suppressed the demand outlook. Short-term oil prices still face greater downside risks. .
On this trading day, we will continue to pay attention to the situation in Russia and Ukraine and the news related to the new crown epidemic, pay attention to the trend of the US stock market and commodities, pay attention to the data of durable goods orders and API crude oil inventory data in March.
Daily level: fluctuating and falling; MACD dead fork signal strengthens, KDJ dead fork, currently falls below the 100 integer mark and the support near the low point of 99.88 on April 22, the short-term bias is short-term, continue to pay attention to the support near the lower track of the Bollinger line. Support is near 93.39, then the 100-day moving average near 91.27, the February 25 low support near 90.06, and the February 18 low support near 87.46.
The 87.46-93.39 area is a dense transaction area in February, and the long-short game near this location may intensify, and oil prices may usher in an opportunity for shock adjustment.
The resistance of the 55-day moving average above is currently around 101.19, and the resistance of the middle Bollinger band is around 103.62. If this position is unexpectedly recovered, it will weaken the bearish signal in the market outlook.
Resistance: 99.88; 101.49; 103.62; 105.42;
Support: 98.19; 96.00; 93.39; 90.07;
Short-term operation suggestions: go short on rallies.
On this trading day, we will continue to pay attention to the situation in Russia and Ukraine and the news related to the new crown epidemic, pay attention to the trend of the US stock market and commodities, pay attention to the data of durable goods orders and API crude oil inventory data in March.
Daily level: fluctuating and falling; MACD dead fork signal strengthens, KDJ dead fork, currently falls below the 100 integer mark and the support near the low point of 99.88 on April 22, the short-term bias is short-term, continue to pay attention to the support near the lower track of the Bollinger line. Support is near 93.39, then the 100-day moving average near 91.27, the February 25 low support near 90.06, and the February 18 low support near 87.46.
The 87.46-93.39 area is a dense transaction area in February, and the long-short game near this location may intensify, and oil prices may usher in an opportunity for shock adjustment.
The resistance of the 55-day moving average above is currently around 101.19, and the resistance of the middle Bollinger band is around 103.62. If this position is unexpectedly recovered, it will weaken the bearish signal in the market outlook.
Resistance: 99.88; 101.49; 103.62; 105.42;
Support: 98.19; 96.00; 93.39; 90.07;
Short-term operation suggestions: go short on rallies.
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