Analysis chart interpretation of crude oil futures after-hours on Friday, August 5th.
$Crude Oil Futures(JAN5) (CLmain.US)$
https://youtu.be/mugIaaadHeg
This wave of decline is caused by the simultaneous closing of long positions by mutual funds with government backgrounds such as pension funds, life insurance funds, and reinsurance funds holding significant long positions in the crude oil futures market. During the trading session, effectively broke through the lower extreme value of the long-term rising channel at the daily line level of 88.32, establishing new lower channels at historical lows of 33.64 and 87.01, also effectively broke through the 60-day long-short dividing life moving average at the weekly line level of 87.92, closing above 87.92 at 88.53. In the 4-hour chart, WR oscillates at -80 to -100, forming a bottom, with a bullish outlook in the future. Although the supply and demand relationship of crude oil may change, it is difficult to fundamentally meet demand. As winter approaches, the contradiction of demand exceeding supply will be highlighted again. Facing bearish pressure above 96.57-105.24. In the monthly chart, three black crows, 123.68-111.45, are jointly preventing a sell-off that could threaten global economic growth due to high oil prices by mutual funds and oil producers who hold oil available for physical delivery.
Speculative trading can choose the appropriate range of fluctuations, engaging in arbitrage trading by buying low and selling high.
Disclaimer: This article is a private trading journal, not opinions, stock recommendations, or position recommendations. The blogger adopts a short-term trading style based on mathematical modeling quantitative analysis (conventional basic and technical analysis, trading based on chart patterns is outdated and ineffective in my opinion, widely used by many, similar to gambling, more likely to result in disappointment and despair rather than surprises, gambling always involves high consumption). Holding positions and stocks may be sold at any time (including the same day, or even the next second). I usually hold positions for no more than a week and hold stocks for more than 61 days, with exceptions in special circumstances, where positions may be closed out the next second. In case of a 5% total market value loss in a bad market, there is an unconditional stop loss. Additionally, horizontal levels are often prone to mistakes (more susceptible in a bear market). The blogger does not have the ability and obligation to give money to outsiders.
https://youtu.be/mugIaaadHeg
This wave of decline is caused by the simultaneous closing of long positions by mutual funds with government backgrounds such as pension funds, life insurance funds, and reinsurance funds holding significant long positions in the crude oil futures market. During the trading session, effectively broke through the lower extreme value of the long-term rising channel at the daily line level of 88.32, establishing new lower channels at historical lows of 33.64 and 87.01, also effectively broke through the 60-day long-short dividing life moving average at the weekly line level of 87.92, closing above 87.92 at 88.53. In the 4-hour chart, WR oscillates at -80 to -100, forming a bottom, with a bullish outlook in the future. Although the supply and demand relationship of crude oil may change, it is difficult to fundamentally meet demand. As winter approaches, the contradiction of demand exceeding supply will be highlighted again. Facing bearish pressure above 96.57-105.24. In the monthly chart, three black crows, 123.68-111.45, are jointly preventing a sell-off that could threaten global economic growth due to high oil prices by mutual funds and oil producers who hold oil available for physical delivery.
Speculative trading can choose the appropriate range of fluctuations, engaging in arbitrage trading by buying low and selling high.
Disclaimer: This article is a private trading journal, not opinions, stock recommendations, or position recommendations. The blogger adopts a short-term trading style based on mathematical modeling quantitative analysis (conventional basic and technical analysis, trading based on chart patterns is outdated and ineffective in my opinion, widely used by many, similar to gambling, more likely to result in disappointment and despair rather than surprises, gambling always involves high consumption). Holding positions and stocks may be sold at any time (including the same day, or even the next second). I usually hold positions for no more than a week and hold stocks for more than 61 days, with exceptions in special circumstances, where positions may be closed out the next second. In case of a 5% total market value loss in a bad market, there is an unconditional stop loss. Additionally, horizontal levels are often prone to mistakes (more susceptible in a bear market). The blogger does not have the ability and obligation to give money to outsiders.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
成熟投资者：格局，概率，取舍。没有格局必然急功近利。不计概率会把运气当技术。不懂取舍，有所不为，最后必落入陷阱和圈套。
1255Followers
69Following
7116Visitors
Follow