Crude Oil Continues to Fall
6.15 Analysis of today's crude oil market trend:
Overnight, EIA synchronous API inventories all rebounded in varying degrees, confirming the current market concerns about poor demand. At the same time, with the Fed’s interest rate decision, the expectation of further interest rate hikes in the future has risen again, and the market pressure remains. The nearby shocks reversed to around 70.4 and were blocked and fell back. In the short term, the pattern of consolidation in a range remains unchanged. In terms of operation, it is good to continue to maintain this range of thinking and look for a position to sell high and buy low.
6.15 crude oil strategy: Crude oil rebounds at 69.4, defends at 70.2, looks at the line of 68-67, steps back more around 67, defends at 66.3, looks at around 69 (for reference only, the actual offer shall prevail)
Overnight, EIA synchronous API inventories all rebounded in varying degrees, confirming the current market concerns about poor demand. At the same time, with the Fed’s interest rate decision, the expectation of further interest rate hikes in the future has risen again, and the market pressure remains. The nearby shocks reversed to around 70.4 and were blocked and fell back. In the short term, the pattern of consolidation in a range remains unchanged. In terms of operation, it is good to continue to maintain this range of thinking and look for a position to sell high and buy low.
6.15 crude oil strategy: Crude oil rebounds at 69.4, defends at 70.2, looks at the line of 68-67, steps back more around 67, defends at 66.3, looks at around 69 (for reference only, the actual offer shall prevail)
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