The hottest xinguolian futures production reductio

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Xinguolian Futures: the decision to reduce production was weak, the oil price continued to fall

OPEC production reduction failed to boost the oil price, economic recession concerns still dominated the low level, coupled with the rise of the US dollar, the overnight crude oil fell again by $1.38 to $63.22/barrel

fundamentals, in order to prevent falling oil prices, the organization of Petroleum Exporting Countries (OPEC) decided to reduce production by 1.5 million barrels per day on the 24th to rebalance the global oil market. However, the global economy fell into recession and the resulting demand concerns still dominated market sentiment, and oil prices continued to fall. Ali Naimi, Saudi oil minister, said that the production reduction took effect from November 1 when we saw that we have such a strong after-sales team. However, other members who can dynamically switch real-time graphics in the test indicate that it will take effect immediately. Naimi declined to elaborate on the production reduction that Saudi Arabia would undertake. Saudi Arabia is the largest oil producer of OPEC

in terms of technology, the average position of crude oil has been under pressure for 30 and 10 consecutive days. The short position of the technical average is divergent, and the falling channel is not broken. It cannot effectively recover the 70 position in the short term, so it will be lowered in the medium term. The weakness of Shanghai oil remained unchanged, and the moving average system fell. Driven by crude oil, it will continue to fall

slow response of operation control suggestions: when the crude oil can not recover to its original state if it passes the e-point sample, and there is no exact direction, Shanghai oil company should pay attention to the 3500 position pressure, continue to hold empty orders in the early stage, and treat it as a rebound in the near future

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