Crude oil: continue to maintain decline

I have encountered many investors who are still losing money and are confused. There is no fixed market, and there are no fixed investors. They need to continuously learn and adjust to integrate into the market. Years of experience in the industry and a caring guidance team will accompany you on your investment journey and provide you with solid investment ideas. The market is endless, the market is constantly evolving, and the transaction will never stop. Although we can't do everything in every wave of market, we can seize the ever-changing opportunities, treat the market with an objective and calm attitude, and analyze the market , wait for the market, and make full preparations for each transaction. If a worker wants to do a good job, he must first sharpen his weapon. It is not that trading is better than trading.

WTI crude oil October futures closed at US$78.89/barrel, falling below US$80/barrel for the first time in a week, down 0.9% on the day. The EIA report released earlier today was mixed. Crude inventories fell by 6.1 million barrels, but investors also took a bearish look at the report, which showed U.S. crude production rose to a three-year high of 12.8 million barrels per day. Also, implied gasoline demand was below 9 mb/d for the sixth of the past seven weeks, a weak sign for gasoline demand in what should be the peak summer driving season

Go short around 79.20 on the rebound, stop loss: 79.80, target at 77.00

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