On last Friday (August 1), international oil prices fell sharply amid concerns that the Organization of the Petroleum Exporting Countries and its allies (OPEC+) may increase production. In addition, weaker-than-expected U.S. employment data fueled worries over future demand.
JPMorgan analysts noted that Trump's threat of sanctions against major buyers of Russian oil, such as China and India, could put 2.75 million barrels per day of Russian seaborne oil exports at risk. Notably, China and India are the world’s second- and third-largest oil consumers, respectively.
West Texas Intermediate (WTI) crude fell by $1.93, or 2.79%, to settle at $67.33 per barrel.
Trading suggestion: On the weekly chart, crude oil reached the previous trendline resistance near 71.2, then experienced a strong pullback. The weekly candle closed at 67.8, forming a candlestick resembling an inverted hammer with a very long upper shadow. This type of candlestick indicates potential bearish pressure going forward.
Sell near 68.6, Stop loss 69.1, Target 67-66.
风险提示：本文所述仅代表作者个人观点，不代表 Followme 的官方立场。Followme 不对内容的准确性、完整性或可靠性作出任何保证，对于基于该内容所采取的任何行为，不承担任何责任，除非另有书面明确说明。
暂无评论。 来发表第一条观点吧。