The fundamentals of crude oil have been better recently, and there has been more news from macroeconomics to the balance of supply and demand.Crude oil maintained a strong volatile trend today.
Although EIA crude oil inventories unexpectedly increased slightly, the dollar index fell to near a more than two-month low on Wednesday, helping oil prices rise by more than 2% as US data showed that cooling inflation stimulated hopes that the Federal Reserve was getting closer to ending its interest rate hike cycle.The speech by the director of the International Energy Agency, Birol, also boosted the morale of the bulls. Oil prices initially broke the resistance of the 200-day moving average and are expected to usher in a new round of gains.
Focus on: OPEC's monthly report on the crude oil market, changes in the number of initial jobless claims in the United States, and U.S. PPI data for March
Strategy suggestion: Go long on dips. Since everyone's points are different, you can pay attention to the specific point suggestions.
Pay attention not to get lost, the follow-up is more exciting