The hottest Huishang futures fuel oil rebounded at

2022-08-26
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Huishang Futures: fuel oil closed high and rebounded, but the market is still in a downward trend

on Tuesday, fuel oil replaced imported products closed high and rebounded, but the market is still in a downward trend. 902 fuel oil opened at the highest price of 2254, with the lowest price of 2194, and closed at 2207, up 59 points from the settlement price of the previous trading day

(NYMEX) U.S. crude oil futures closed up more than $4 a barrel on Monday, with U.S. stocks rising on the news of Citigroup's assistance, and the organization of Petroleum Exporting Countries (OPEC) will hold a meeting on Saturday. "We continue to see signs that OPEC will unanimously agree to further production cuts at its meeting on Saturday." Tim Evans, an energy analyst at Citi futures perspective, said. The drop in temperature also provided support for oil prices. According to the National Weather Service (NWS), the demand for heating oil in the United States is expected to exceed 10% of the normal level this week. (NYMEX) crude oil futures in January closed up 4 At the same time, it also provides various equipment information, which is $57, or 9.15 percent, at $54.50 The trading range is between $48.80 and $55.30. Last Friday, the oil price hit $48.25, the lowest since it fell to $48.05 on May 23, 2005, down $99.02, or 67.24%, from the record high of $147.27 on July 11. U.S. stocks rose on Monday, as investors were elated by the U.S. government's injection of $20billion into troubled Citigroup and the announcement by newly elected President Barack Obama of the candidates for his economic team. The US dollar fell against the euro and against a basket of currencies on Monday after the US government announced a $20billion injection into troubled Citigroup as risk aversion eased. The chairman of the organization of Petroleum Exporting Countries (OPEC) Khalil said on Monday that it is necessary to reduce crude oil production by more than 1million barrels a day in order to support the oil market under the current situation. According to a Reuters survey released on Monday, OPEC is bound to announce a maximum production reduction of 1.5 million barrels, but it may not take such action until the policy meeting in December

domestic fuel oil review, fuel oil closed high today, the market rebounded, and the market continued to be in a downward trend. International crude oil prices rose sharply last night, but the market is still in a long-term downward trend. After crude oil fell below the support level of $50 in January, it rebounded sharply last night. It is estimated that the short-term market may fluctuate and adjust around $50. Judging from the size of 902 fuel oil investment range, the market closed high today and rebounded. The market continues to be in a downward trend, and the short-term market may get some support around the point. Since the price has fallen sharply since the high level, the short-term market may rebound at any time. I personally believe that as long as the price of fuel oil is below 2700, the long-term downward trend of the market will not be broken, and investors have a good opportunity to short every time the market rebounds. If the future "easy and happy reform has been completed" market breaks through 2700 points, the downward trend will be broken, and the short order should be closed. When the market is below 2700 points, investors can continue to hold the short order

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