Dylan-Jones

Crude oil: peaking again

Long
FX:USOIL   CFDs on Crude Oil (WTI)
Crude oil should have mentioned that it will rebound, and the rebound trend is not small. It has already come out this time. From the indicators, the high point of this rebound is around 82. If the peak trend remains unchanged, this Nearby is more difficult to break.
Moreover, crude oil is negatively correlated with the U.S. dollar in a certain trend. The sharp rise of the U.S. dollar will also affect the price of crude oil. Gold is in a weak position, but crude oil is due to factors such as production cuts and expectations of interest rate hikes. The price of crude oil continues to soar, but still the same sentence, the reduction in interest rate hike expectations has been large enough. As long as there is something that is not conducive to the suspension of interest rate hikes, the interest rate hike expectations will still rise, and crude oil will be under pressure.


Strategy: 81.7 buy up 83.4 buy down



The demand for crude oil is expected to increase, but crude oil is not the same as gold after all. Crude oil has no currency attribute after all. Although it also has a hedging attribute, it is still not as strong as gold, and the aspects that can be affected are not as extensive as gold, so the demand for crude oil The expected increase in volume is also a matter of this year, but the price will not be too inclined.
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