USOIL bullish
Fundamentals
short run
API represents the price increase for U.S. viewing, and it measures the weekly changes in the company's business. The absolute value of the API means that the viewing is more perfect, leading to an increase in viewing prices; the smaller the absolute value of the API, the shorter the time for viewing in the United States, and the starting point for the final target price. As of June 25, the real-time API released by the United States has reached -815.3 from the previous value of -719.9, and the predicted value is -446, which is far beyond the expected value and the previous value. This represents the observed value and the previous value. Consumption is still increasing, and demand has been increasing. OPEC’s total number of views per day is 35.6m, which has increased. Therefore, the price of pageviews will continue to remain high.
Long run
According to Gao's forecast, by the end of 2021, oil demand will increase by an additional 2.2 million barrels per day, and the supply reserve will become 5 million barrels per day. Because of demand and demand, price forecasts remain high at the end of the year.
Technical
From the above figure, we can see that starting on March 18, 2022, it has maintained an upward trend. Although the shouting fell back on May 20, we can see that there was an engulfing appearing on May 21, representing the head. At around 630 of the daily power, we can see a small monthly resistance. Through the analysis of the Fibo series, we can determine the best answer point. When the price goes back to around 71.47, we can make a long position.
Summary
If there is no correlation between the fundamentals and the aspect, both aspects can clearly know that it will continue to grow in the future, and there will be a slight decline in the future. I personally suggest that you can set a multiple-order loss stop when you set a multiple-order loss stop. At 70.4, the take profit level can be set at 74.03.
short run
API represents the price increase for U.S. viewing, and it measures the weekly changes in the company's business. The absolute value of the API means that the viewing is more perfect, leading to an increase in viewing prices; the smaller the absolute value of the API, the shorter the time for viewing in the United States, and the starting point for the final target price. As of June 25, the real-time API released by the United States has reached -815.3 from the previous value of -719.9, and the predicted value is -446, which is far beyond the expected value and the previous value. This represents the observed value and the previous value. Consumption is still increasing, and demand has been increasing. OPEC’s total number of views per day is 35.6m, which has increased. Therefore, the price of pageviews will continue to remain high.
Long run
According to Gao's forecast, by the end of 2021, oil demand will increase by an additional 2.2 million barrels per day, and the supply reserve will become 5 million barrels per day. Because of demand and demand, price forecasts remain high at the end of the year.
Technical
From the above figure, we can see that starting on March 18, 2022, it has maintained an upward trend. Although the shouting fell back on May 20, we can see that there was an engulfing appearing on May 21, representing the head. At around 630 of the daily power, we can see a small monthly resistance. Through the analysis of the Fibo series, we can determine the best answer point. When the price goes back to around 71.47, we can make a long position.
Summary
If there is no correlation between the fundamentals and the aspect, both aspects can clearly know that it will continue to grow in the future, and there will be a slight decline in the future. I personally suggest that you can set a multiple-order loss stop when you set a multiple-order loss stop. At 70.4, the take profit level can be set at 74.03.
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