Cao Shu: 3.22 Early evaluation and operation suggestion of East Zhejiang crude oil Asphalt

have been breaking new highs recently. Hit a 2016-year high in the 4,023 position, the U.S. crude oil prices have successfully tested the 41 dollar mark. However, this strong momentum will not last long, we need to further verification and scrutiny.
　　
　　
　　
　　
　　
Message Surface ———
　　
　　
　　
First come to the news: last week, WTI crude oil prices rose more than $40/barrel for the first time this year, so that oil prices since February 11 hit a 13-month low of $26, has climbed more than 50%, this is a very surprising growth rate, Nor does it preclude the cautious attitude of some of the friends who continue to be bullish, which I think is desirable. We do not see that the rebound in oil prices has been largely affected by the expected changes in short-term supply and demand, mainly due to oil suppliers ' concerns about cutting production capacity and ending the two-year-long oil and gas supply feast. In terms of long-term economic support, the fundamentals of oil prices have not improved significantly. The structural problems of the economy will not be properly addressed by monetary policy, although oil prices may rebound without a full understanding of the economic downturn, but only if the economic problems are truly resolved and oil prices can be solidly supported, or an unstable rebound in the market will be unsustainable.
　　
　　
　　
Market Analysis ———
　　
　　
　　
From the daily view today the opening price is slightly lower than yesterday's closing price, Bollinger bands up, the Candlestick is still running near the upper rail but by the strong suppression of the upper rail, the indicators of the moving averages also run upward. The MACD indicator runs parallel upward, Red Energy column volume, RSI indicator parallel forward volume, KDJ indicator parallel has upward divergence signs. 1-hour chart look at the Bollinger bands indicator parallel, candlestick running in the upper rail area, 5th moving averages to form support, the MACD indicator parallel forward operation, the Red Energy Column continuous volume, RSI indicator adhesion downward running trend, KDJ indicator parallel forward run. Based on the above analysis, one of the ideas of the individual is the Asian plate with short-term short operation.
　　
　　
　　
Operation Suggestions ———
　　
　　
　　
1, 4010-4000 interval short stop 4050 target see 3960-3940
　　
　　
　　
2, 3950 near multiple stop loss 3910 target see 3990-4000
　　
　　
　　
This article by Cao Shu Original, do not copy, I will be based on individual investor funds and risk preferences and other factors set different operating plans.

Cao Shu: 3.22 Early evaluation and operation suggestions of East Zhejiang crude oil tar pitch