Cao Shu: 3.21 Contract replacement, spot crude oil pitch trend how to operate?

Fundamentals:

Since Monday (March 21), the main contract for US crude oil futures has been changed from April contract to May contract. Bulls take advantage of the main contract replacement opportunities, profit margins off the market, coupled with a slight increase in the number of active drilling in the United States, oil price on Friday (March 18) in the pressure region of 42.5 USD/barrel in the setback, recorded a yin candlestick with upper shadow.

Monday (March 21) Asian U.S. crude oil (May contract) Low volatility, the exchange of $40.90/barrel. Earlier, we pointed out that in the pre-heavy pressure area of $42.5/barrel after the setback, will inevitably come back to adjust. Intraday attention 40-42.5 USD/barrel area for contention, below the support in the 38 USD/bbl area, above the further pressure area in the 44 USD/bbl area. 38 USD/barrel area above must be effective to stand up, just can restart the road of attack.

Market Review:

Review intraday Market trend, the Asian plate time period market upward concussion.

Technical side:

Oil from the three-hour chart to see the boll indicator three-rail upward movement, MA moving averages appear long, the market direction is long. But the MACD indicator again bonded with the dead fork downward signs, and kinetic Energy Green column volume, coupled with the RSI indicator three-wire downward divergence, short-term long power shortage. Comprehensive to analyze the late market first fell back and then rebound.

Spot crude oil ning expensive asphalt operation suggestion:

Recommendation one: 3920-3940 line layout empty single, stop loss 3960 target 3850 below

Recommendation two: down to the 38,001 line near the Light warehouse short-term operation of multiple orders, stop loss 3760 near the target 3870

Recommendation three: More detailed consultation can be concerned about the author of the public financial analysts can

Today's focus on data:

22:00 United States February Annual monthly rate of home sales

22:00 United States February Annual sales of total home

Cao Shu: 3.21 Contract replacement, spot crude oil pitch trend how to operate?