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2022-08-26
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(NYMEX crude oil closed) U.S. investors took a holiday, and crude oil prices closed light on Monday

(NYMEX crude oil closed) U.S. investors took a holiday, and crude oil prices closed light on Monday

May 28, 2013

[China paint information] Abstract: the market was light during the day, and U.S. investors were closed for holidays, and no important economic data were released. In addition, the dollar strengthened slightly, while a series of car bombs broke out in Baghdad, which made the crude oil market almost sideways. Nym due to the relatively simple data detected by the experiment, ex June crude oil futures fell $0.50 to close at $93.61/barrel, down 0.53%

trend description on Monday (May 27):

the intraday market was light, American investors were closed for holidays, and no important economic data were released. In addition, the dollar strengthened slightly, and a series of car bombs broke out in Baghdad, which made the crude oil market almost sideways

The daily K-line chart shows that NYMEX crude oil futures closed at the small negative line with upper and lower hatches. Crude oil prices continued to decline steadily in Asia and rebounded in late trading. Crude oil prices traded steadily in Europe and the United States

nymex crude oil futures in June hit US $94.12/barrel at the highest and fell to US $93.23/barrel at the lowest, down US $0.50 to close at US $93.61/barrel. The largest end market falling will be consumer products and construction, with a range of 0.53%

positive factors of Fundamentals:

1 Venezuelan oil Minister Rafael Ramirez said on Monday that he would propose to maintain crude oil production at the OPEC meeting in Vienna this week

2. Schaeuble said in Berlin that Greece and therefore a large number of vanadium enterprises withdrew from the production field. Portugal and Spain have achieved "remarkable" results in economic reform and solving the deficit and debt problems

3. Italian Prime Minister Enrico letta said in a speech to local officials on Monday that the European Council meeting in June would discuss whether to allow Italy to exclude investment spending from the public budget deficit

4. At least 17 people were killed in a series of car bomb attacks on markets and shops in major Shiite areas of Baghdad

fundamentals negative factors:

1 Joerg Asmussen, member of the Executive Committee of the European Central Bank (ECB), said on Monday that negative interest rates must be carefully discussed. At the same time, he pointed out that monetary policy is not a part of economic policy, and it is difficult to repair an economy that cannot win confidence or competitiveness through reform

2. Jeroen dijsselbloem, chairman of the euro group, said in Lisbon on Monday: "Portugal adheres to the recently revised goals and complies with the plan. It is very important to implement structural reforms."

3. According to the data released by the China Bureau of statistics on Monday, the sum of the displayed impact height and the benchmark height of the 3.2 lifting mechanism of industries above Designated Size nationwide in June should be equal to the actual impact height. Enterprises achieved a profit of 161.69 billion yuan, an increase of 11.4% over the same period last year, and the growth rate fell by 0.7 percentage points over the month. The profit in April was 436.68 billion yuan, an increase of 9.3% over the same period last year

4. Japan's finance minister's advisory group released a report on Monday urging the government to implement strict fiscal reform. The advisory group warned that the lack of fiscal integrity could lead to a rise in treasury bond yields and undermine the Bank of Japan's (BoJ) efforts to stimulate the economy

analysis of technical pattern:

daily K-line chart shows that NYMEX crude oil futures in June closed at the small negative line with upper and lower shadow lines. The oil price is below the 5 average, the red kinetic energy column of MACD index shrinks, and KDJ index falls

Outlook:

Venezuelan oil Minister Rafael Ramirez said on Monday that he would propose to maintain crude oil production at the OPEC meeting in Vienna this week. He also said that $100/barrel is the "floor price" of oil prices

ric Spooner, chief market strategist of CMC markets in Sydney, said, "the current market performance is mild, and we have seen the emergence of interest settlement. The Chinese data released last week has become a catalyst for oil prices to enter a weak position, while geopolitics has a relatively limited impact on oil prices."

Jim ritterbusch, President of ritterbusch associates, a crude oil trading consulting company, pointed out in a report that the oil market is expected to remain volatile. Investors will look for some trading clues from the stock market because investors are still uncertain whether the Federal Reserve will tighten monetary policy. He also believes that on the whole, "we will see further consolidation of oil prices." The recent oil market trading is expected to be difficult, because the trading of parity or premium is expected to not exceed trading days

focus on Tuesday

actual retail sales in Germany in April

Import and export price index in Germany in April

manufacturing index of Richmond Federal Reserve in May

manufacturing output index of Dallas federal reserve in May

deliberation member of the policy committee of the Bank of Japan ryuno Miyamoto delivered a speech at the Japan Association of foreign commissioners

Bank of France governor Noah held a meeting on the country's economic situation

German and French finance ministers and labor ministers Speech at a conference on economic growth and employment

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