The hottest NYMEX crude oil closed stronger in the

2022-08-14
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(NYMEX crude oil closing) the US dollar strengthened, and the crude oil price fell

(extended calibration NYMEX crude oil closing) the US dollar strengthened, and the crude oil price fell

May 14, 2013

[China paint information] Abstract: the Federal Reserve made a statement to reduce the scale of quantitative easing, in addition, the United States released better retail sales data, and the European Union completed its review of Spain's bailout, which made the US dollar stronger and also improved the outlook for crude oil demand, Therefore, the decline of oil price is limited. NYMEX crude oil futures, mainly Anhui Zhongyi tape Co., Ltd., fell $0.87 to close at $95.17/barrel, down 0.91%

trend description on Monday (May 13):

the Federal Reserve made a statement to reduce the scale of quantitative easing, in addition, the United States released better retail sales data, and the European Union completed the review of the Spanish bailout, which made the dollar stronger, but also improved the outlook for crude oil demand, so the decline in oil prices was limited

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 fluctuated in a narrow range in early trading in Asia and fell in late trading. Crude oil prices fluctuated more in early trading in Europe and the United States

nymex crude oil futures in June hit a peak of $95.74 per barrel and a minimum of $94.47 per barrel, down $0.87 to $95.17. The structural capacity of the portal UTM experimental machine can reach 1000~135000lb/barrel, down 0.91%

positive factors of Fundamentals:

1 Data released by the U.S. Department of Commerce (DOC) on Friday showed that the monthly rate of retail sales in the United States unexpectedly increased in April, as the unexpected increase in automobile sales offset the impact of the fall in international oil prices on retail sales. The data shows that the monthly rate of retail sales in the United States increased by 0.1% in April and is expected to decline by 0.3%; Retail sales in March were revised to decline by 0.5%, and the initial value was 0.4%

2. The Portuguese government said on Sunday that the European Union (EU) and the International Monetary Fund (IMF) have completed the recent rescue review, indicating that Portugal has no obstacles to obtain the next 2billion euros of rescue funds

fundamentals negative factors:

1 Ignazio visco, President of the Italian central bank and member of the Governing Council of the European Central Bank (ECB), said on Monday that the European Central Bank had begun to adjust the negative deposit rate technically and understood that this operation could bring unexpected results

2. Esther George, governor of the Federal Reserve and chairman of the Federal Reserve of the specific classification city of Kansas Jinan impact testing machine, pointed out in his speech on Friday that he hoped that the Federal Reserve could gradually reduce the scale of its securities asset acquisitions in the future

3. Data released by the Swiss Federal Bureau of Statistics (FSO) on Monday showed that the annual rate of total retail sales in Switzerland fell unexpectedly in March, less than expected. The data shows that after adjusting for sales days and festivals, the annual rate of total actual retail sales in Switzerland in March fell by 0.9%, expected to increase by 0.8%, and the nominal retail sales fell by 2.4%; After seasonal adjustment, the monthly and annual rates of actual retail sales decreased by 0.1%

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 expands, and KDJ index falls

Outlook:

Natalie rampano, an analyst at ANZ, said that the weak demand outlook and excess supply will keep the oil distribution trading at $100 to $105/barrel in May, and the trading space of U.S. crude oil will be within the range of $90 to $8. The price target of West Texas oil in the second quarter is $97/barrel; Oil distribution is 107 dollars/barrel

focus on Tuesday

Japan's April domestic enterprise commodity price index

Germany's April consumer price index final value

France's March menstrual current account

Germany's may ZEW Economic climate index

euro zone's March industrial output

OECD's March comprehensive leading indicator

European central bank executive committee member asmson delivered a speech at an event hosted by the Social Democratic Party

Philadelphia Fed chairman prosso on the economy Speech on prospects and monetary policy

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