Analysis of crude oil price trend next week (October 31-6)

Gold Investment Crude Oil Network (http://energy.cngold.org/) October 30, the crude oil trend review, Monday, Asia and Europe crude oil prices consolidate above 50.50 US dollars, long and short tug of war re-formed, the oil price of the front section of the European market Once again, there was a tendency to test the above-mentioned integer pressure of $51.00.

The news on the crude oil market on Tuesday was relatively light, and it entered the end of the European market. The market did not seem to be tempted to buy the oil-producing countries to cooperate with the frozen production speech, and finally closed at around $50.10. In the US market, the volatility began to be fierce, and the three waves of small and strong rebounds were all suppressed. The oil price once fell to a negative support of $49.00 in a narrow range.

Crude oil prices were affected by EIA data on Wednesday, rising to $50.60 and down to $49.20. The price directly surged, but ended at $49.60.

Crude oil oscillated between $49.20 and $50.00 on Thursday. Although there was a small increase, oil prices remained at the $50.10 mark due to insufficient follow-up power.

Crude oil fell below $49.00 on Friday, and all the way to $48.70 created a new low for crude oil prices this week, breaking the support of $49.00 below.

On Saturday, the US crude oil drilling data released a lot of data, but the difference is only two, so Jin Xu teacher believes that this data has no major impact on Monday's high opening.

Analysis of crude oil trend: The focus of the news is on the OPEC meeting that will continue on the weekend and the non-agricultural data and EIA inventory data next week. If the oil price in the market is stimulated by good news, there will be a rebound trend. The current trend of crude oil is still in the trend. Short. From the technical point of view, the crude oil weekly line closed the entity's big Yinxian, ending the previous 5 Lianyang's rising state. The oil price fell below 49.0 and touched the Bollinger Band's mid-rail support 48.0 area, because the OEPC internal frozen production meeting broke down again. Above the daily line, the K line runs below the middle rail of the Bollinger Band, and the 5-day moving average and the 10-day moving average continue to press the dead fork down. The MACD indicator is a dead fork, and the oil price continues to bearish.

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Suggestions for next week's operation:

1. Steady rebounded directly into the short position near 49.4, with a stop loss of $49.8 and a target of $48.8.

1. The radicals rebounded directly into the short position near 49, with a stop loss of $49.6 and a target of $48.4.

Next week's crude oil market data:

October 31

05:45 New Zealand September construction permit monthly rate (%) -1 -- To be announced

07:00 South Korea's industrial output annual rate in September (%) 2.3 -1.1 To be announced

07:00--South Korea's September seasonally adjusted industrial output monthly rate (%) -2.4 -0.15 to be announced

07:50 Japan's September seasonally adjusted retail sales monthly rate (%) -1.1 0.2 to be announced

07:50--Japan retail sales in September (Trillion yen) 11.3 -- To be announced

07:50--Japan's September retail sales annual rate (%) -2.1 -1.8 to be announced

07:50 Japan's initial industrial output rate in September (%) 4.5 1.9 To be announced

07:50--Japan's September industrial output monthly rate initial value (%) 1.3 0.9 to be announced

08:00 Australia October TD-MI inflation index annual rate (%) 1.3 -- to be announced

08:00--April TD-MI inflation index monthly rate (%) 0.4 -- To be announced

08:30 Australian private enterprise loan monthly rate in September (%) 0.4 0.4 To be announced

08:30--Annual rate of private enterprise loans in Australia in September (%) 5.8 5.5 To be announced

08:30 Taiwan's third quarter GDP annual rate initial value (%) 0.69 -- to be announced

13:00 Japan's new housing starts in September (%) 2.5 5.15 To be announced

13:00--Yearly order rate of construction orders in September (%) 13.8 -- To be announced

13:00--Total number of new housing starts in September in Japan (10,000 households) 95.6 94.9 To be announced

17:00 Spain August current account (100 million euros) 30 -- to be announced

17:30 UK M4 Money Supply Monthly Rate (%) 0.9 -- To be announced

17:30--UK M4 Money Supply Annual Rate (%) 5.4 -- To be announced

17:30 UK September central bank mortgage loan license (10,000 pieces) 6.01 6.15 to be announced

17:30--UK central bank consumer credit (£100 million) in September 16 15 to be announced

17:30--UK central bank mortgage loan (£100 million) in September 29 30 to be announced

18:00 Eurozone third quarter quarterly adjusted GDP quarterly initial value (%) 0.3 -- to be announced

18:00--Early regional GDP annual rate in the third quarter (%) 1.6 -- To be announced

18:00 Eurozone October CPI annual rate initial value (%) 0.4 -- to be announced

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18:00--Early CPI annual rate of the core zone in October (%) 0.8 -- To be announced

18:00 Italy October CPI annual rate initial value (%) 0.1 0.1 to be announced

18:00--Italian October CPI annual rate initial value (%) 0.1 0.1 to be announced

18:00--Italian October CPI monthly rate initial value (%) -0.2 0.2 to be announced

18:00--Italian reconciliation CPI monthly rate initial value (%) 1.9 0.4 to be announced

19:00 Italy September PPI annual rate (%) -1.1 -- To be announced

19:00--Italian September PPI monthly rate (%) -0.3 -- To be announced

20:30 US September PCE price index monthly rate (%) 0.2 0.1 to be announced

20:30--US September PCE price index annual rate (%) 1 1.2 To be announced

20:30--US September Core PCE Price Index Annual Rate (%) 1.7 1.7 To be announced

20:30--US September core PCE price index monthly rate (%) 0.2 -- to be announced

20:30 Canada September Industrial Price Index Monthly Rate (%) -0.5 0.35 To be announced

20:30--Canada September raw material price index monthly rate (%) -0.7 0.5 to be announced

20:30--Canada September Industrial Price Index Annual Rate (%) -1.3 -- To be announced

20:30--Canada September raw material price index annual rate (%) 0.6 -- to be announced

20:30 US personal monthly expenditure rate in September (%) -- 0.4 to be announced

20:30--US September personal income monthly rate (%) 0.2 0.4 to be announced

20:30--The monthly rate of actual personal consumption expenditure in the United States in September (%) -0.1 -- To be announced

20:30 US third quarter labor employment cost rate (%) -- -- To be announced

21:45 US October Chicago PMI 54.2 54 to be announced

22:00 Canada's National Economic Confidence Index for the week of October 28th, 56.4 -- To be announced

22:30 US Dallas Fed Business Activity Index for October -3.7 2 to be announced

22:30--O.D. Dallas Fed Manufacturing Output Index 16.7 in October -- To be announced

22:30--US October Dallas Fed New Order Index -2.9 -- To be announced

22:30--O.D. Dallas Fed Manufacturing Raw Material Payment Price Index 13.3 in October -- To be announced

22:30--O.D. Dallas Fed Manufacturing Employment Index 2.3 in October -- To be announced

22:30--O.D. Dallas Fed Manufacturing Shipment Index 20.1 in October -- To be announced

22:30--US October Dallas Fed Finished Goods Price Index -0.9 -- To be announced

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November 1st

06:30 Australia October 30th week ANZ Consumer Confidence Index 113.6 -- To be announced

06:30 Australia's October AIG/PWC Manufacturing Performance Index 49.8 -- To be announced

07:00 South Korea October CPI annual rate (%) 1.2 1 to be announced

07:00--Korea October CPI monthly rate (%) 0.6 -0.2 To be announced

07:00 South Korea September Current Account (100 million US dollars) 55.13 -- To be announced

08:00 South Korea October trade account (100 million US dollars) 71.05 72.35 to be announced

08:00--Korea's annual export rate in October (%) -5.9 -3 to be announced

08:00--Korea's annual import rate in October (%) -2.3 -4.5 to be announced

08:30 Taiwan Nikkei Manufacturing PMI 52.2 in October -- To be announced

08:30 South Korea October Nikkei / MARKIT Manufacturing PMI 47.6 -- To be announced

08:30 Japan's manufacturing PMI final value of 51.7 in October -- to be announced

09:00 China October official manufacturing PMI 50.4 50.3 to be announced

09:00--China's official non-manufacturing PMI 53.7 in October -- to be announced

11:00 Japan October central bank policy interest rate (%) -0.1 -- to be announced

11:00--Japan's annual base currency expansion scale (trillion yen) 80 -- To be announced

11:00--Japan October Macro Additional Balance Rate (%) -- -- To be announced

11:00--Japan's basic balance rate in October (%) -- -- To be announced

11:30 Australia's November benchmark interest rate (%) 1.5 1.5 to be announced

13:00 India Nikkei Manufacturing PMI 52.1 in October -- To be announced

16:15 Swiss real retail sales rate in September (%) -3 -2.2 To be announced

16:30 Swiss SVME Purchasing Managers Index for October 53.2 53.9 To be announced

17:30 UK October manufacturing PMI 55.4 -- to be announced

19:45 US Week of October 29th ICSC-Goldman Sachs Chain Store Sales Annual Rate (%) 1.3 -- To be announced

19:45--US October 29th week, ICSC-Goldman Sachs chain store sales compared with last week (%) 1.5 -- to be announced

20:30 Canada's August GDP annual rate (%) 1.3 1.3 to be announced

20:30--Canada August GDP Monthly Rate (%) 0.5 0.2 To be announced

20:55 US October 29th week Red Book commercial retail sales annual rate (%) 0.3 -- to be announced

21:30 Canada October RBC Manufacturing Purchasing Managers Index 50.3 -- To be announced

21:45 US October Markit Manufacturing PMI 53.2 -- To be announced

22:00 US October ISM manufacturing PMI 51.5 51.7 to be announced

22:00--US October ISM Manufacturing Price Payment Index 53 54.3 To be announced

22:00--US October ISM Manufacturing Employment Index 49.7 -- To be announced

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22:00--US October ISM Manufacturing New Order Index 55.1 -- To be announced

22:00--US October ISM Manufacturing Output Index 52.8 -- To be announced

22:00--US October ISM manufacturing inventory index 49.5 -- to be announced

22:00 US November IBD Consumer Confidence Index 51.3 48 to be announced

22:00 US September construction expenditure monthly rate (%) -0.7 0.5 to be announced

November 2

04:30 US October 28th week, API crude oil inventory changes (10,000 barrels) 475.4 -- to be announced

04:30--A change in API gasoline stocks in the US week on October 28 (10,000 barrels) 127.1 -- To be announced

04:30--A change in API refined oil stocks in the US week on October 28 (10,000 barrels) -94 -- To be announced

04:30--US October 28th week, API Cushing crude oil inventory changes (10,000 barrels) -225.6 -- to be announced

05:45 New Zealand third quarter unemployment rate (%) 5.1 5.1 To be announced

05:45--New Zealand third quarter average hourly wage rate (%) 0.5 1 to be announced

05:45--New Zealand third quarter employment rate (%) 2.4 0.5 to be announced

05:45--New Zealand's third quarter employment rate (%) 4.5 5.4 To be announced

05:45--New Zealand employment participation rate in the third quarter (%) 69.7 69.8 To be announced

07:50 Japan's basic rate of basic currency in October (%) 22.7 -- to be announced

07:50--Japan's basic currency amount in October (Trillion yen) 412.84 -- To be announced

08:01 UK BRC Store Price Index Annual Rate (%) -1.8 -- To be announced

08:30 Australia's September quarterly construction permit rate (%) -1.8 -3 to be announced

13:00 Japan October Household Consumer Confidence Index 43 42.6 To be announced

16:00 Spain's unemployed population changes in October (10,000) 2.28 7.7 To be announced

16:00--Monthly change in the number of unemployed people in Spain in October (%) 0.62 -- To be announced

16:15 Spain October manufacturing PMI 52.3 -- to be announced

16:45 Italy October manufacturing PMI 51 -- to be announced

16:50 France October manufacturing PMI final value 51.3 -- to be announced

16:55 Germany's manufacturing PMI final value of 55.1 in October -- to be announced

16:55 Germany's October seasonally adjusted unemployment rate change (10,000 people) 0.1 -0.05 To be announced

16:55--Germany's adjusted unemployment rate in October (%) 6.1 6.1 To be announced

16:55--Total number of unemployed after the adjustment of the German season in October (10,000 people) 268 -- To be announced

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16:55--Germany's total number of unemployed people in October is not adjusted (10,000 people) 260.8 -- To be announced

17:00 Eurozone October manufacturing PMI final value of 53.3 -- to be announced

19:00 US October 29th MBA Mortgage Application Activity Index 492 -- To be announced

19:00--America's MBA Mortgage Purchase Index for the week of October 29th, 207.8 -- To be announced

19:00--America's 30-year fixed mortgage rate for the week of October 29 (%) 3.71 -- To be announced

19:00--US October 29th week MBA mortgage refinancing activity index 2122.5 -- to be announced

20:15 US ADP employment in October (10,000) 15.4 16.5 To be announced

21:45 US October ISM New York Fed Corporate Activity Index 49.6 -- To be announced

22:30 US EIA crude oil inventories changed during the week of October 28 (10,000 barrels) -55.3 -- to be announced

22:30--EIA refined oil stocks change in the week of October 28 (10,000 barrels) -335.4 -- To be announced

22:30--EIA gasoline inventory changes in the week of October 28 (10,000 barrels) -195.6 -- To be announced

22:30--European October 28th week EIA Oklahoma Cushing crude oil inventories (10,000 barrels) -133.7 -- To be announced

22:30--EIA refinery equipment utilization rate in the week of October 28th (%) 85.6 -- To be announced

November 3

02:00 US federal funds rate target ceiling for the week of November 2 (%) 0.5 0.5 to be announced

02:00--The US federal funds rate target lower limit (%) for the week of November 2nd 0.25 0.25 To be announced

05:00 South Korea October foreign exchange reserves (100 million US dollars) 3777.7 -- to be announced

06:30 Australia October AIG/CBA Service Industry Performance Index 48.9 -- To be announced

08:30 Australia's September Goods and Services Trade Account (A$100 million) -20.1 -17 To be announced

08:30--Australia's monthly import rate in September (%) -- -- To be announced

08:30--Australia's monthly export rate in September (%) -- -- To be announced

08:30--Australia retail sales rate in September (%) 0.4 0.2 To be announced

08:30 Hong Kong October HSBC Manufacturing PMI 49.3 -- To be announced

09:45 China October Financial Services PMI 52 -- To be announced

09:45--China October Caixin Integrated PMI 51.4 -- To be announced

13:00 India October Nikkei Integrated PMI 52.4 -- To be announced

13:00 India October Nikkei Service PMI 52 -- To be announced

14:45 Swiss Consumer Confidence Index for October -13 to be announced

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16:30 UK October service industry PMI 52.6 -- to be announced

16:30--UK October PMI 53.9 -- to be announced

16:30 Hong Kong retail sales annual rate (%) -10.5 -9 To be announced

16:30--Hong Kong's September retail sales annual rate (%) -12.7 -12 To be announced

17:00 Italy's initial unemployment rate in September (%) 11.4 11.4 To be announced

17:30 UK foreign exchange reserves in October (100 million US dollars) 7.22 -- To be announced

18:00 Eurozone unemployment rate in September (%) 10.1 10 To be announced

19:30 US October Challenger Enterprise layoffs annual rate (%) -24.7 -- To be announced

19:30--Number of layoffs of challengers in the US in October (10,000) 4.43 -- To be announced

20:00 UK November central bank benchmark interest rate (%) 0.25 0.25 to be announced

20:00--UK November interest rate resolution ratio (increasing interest rate - unchanged - interest rate cut) 0-9-0 -- to be announced

20:00--British central bank asset purchase scale in November (100 million pounds) 4350 4350 to be announced

20:00--British expansion of asset purchase scale in November (expansion - no expansion) 0-9 -- To be announced

20:30 US third quarter non-agricultural productivity initial value (%) -0.6 2 to be announced

20:30--America's initial labor cost of non-agricultural units in the third quarter (%) 4.3 1.3 To be announced

20:30 US October 29, the number of jobless claims in the first week of the week (10,000) 25.8 25.5 To be announced

20:30--The number of people who are unemployed in the week of October 22nd in the United States (10,000) 203.9 204.5 To be announced

20:30--Annual average of the number of people claiming unemployment benefits in the first week of October 29,000 (10,000) 25.3 -- To be announced

21:45 US Markit service industry PMI final value 54.8 in October -- to be announced

21:45--US October Markit comprehensive PMI final value 54.9 -- to be announced

21:45 US October 30th week, Bloomberg Consumer Confidence Index 43.9 -- To be announced

22:00 US October ISM non-manufacturing PMI 57.1 56 to be announced

22:00--US October ISM non-manufacturing inventory index 51.5 -- to be announced

22:00--US October ISM non-manufacturing price index 54 -- to be announced

22:00--US October ISM Non-Manufacturing Supplier Delivery Index 51 -- To be announced

22:00--US October ISM non-manufacturing employment index 57.2 -- to be announced

22:00--US October ISM non-manufacturing new order index 60 -- to be announced

22:00 US September factory order monthly rate (%) 0.2 0.2 to be announced

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22:00--The monthly rate of factory orders deducted from transportation in September (%) -- -- To be announced

22:00 US September durable goods order monthly rate final value (%) -0.1 -0.1 To be announced

22:00--US September deducting aircraft non-defense durable goods shipment monthly rate (%) 0.3 -- to be announced

22:00--The United States in September to deduct the final value of aircraft non-defense durable goods shipment monthly rate (%) 0.3 -- to be announced

22:00--The US monthly rate of durable goods orders deducted from defense in September (%) -0.8 -- To be announced

22:00--US September deduction of durable goods orders monthly rate (%) 0.2 -- to be announced

22:00--US September deducted aircraft non-defense durable goods orders monthly rate final value (%) -1.2 -- to be announced

22:00--US September deduction of national defense durable goods orders monthly rate (%) 3.7 -- to be announced

22:00--US September deducted aircraft non-defense durable goods orders monthly rate (%) -1.2 -- to be announced

22:00--U.S. September deducted final value of transport durable goods orders (%) 0.2 0.1 To be announced

22:30 US EIA natural gas inventory (100 million cubic feet) in the week of October 28 730 -- to be announced

November 4th

04:30 US October 24, the money supply M1 (100 million US dollars) -734 -- to be announced

04:30--The US currency supply M2 ($100 million) in the week of October 24 -93 -- To be announced

04:30--The US central bank held US Treasury bonds (US$100 million) in the week of October 31st. 54.53 -- To be announced

07:50 Japan bought foreign bonds in the week of October 28 (100 million yen) 7736 -- To be announced

07:50--Japan's foreign investment in Japanese bonds on October 28 (100 million yen) -7525 -- To be announced

07:50--Japan bought foreign stocks in the week of October 28 (100 million yen) -56 -- To be announced

07:50--Japan's foreign investment in Japanese stocks on October 28 (100 million yen) 853 -- to be announced

08:30 Japan October Markit / Nikkei Integrated PMI 48.9 -- To be announced

08:30--Japan October Markit/Nikkei Service PMI 48.2 -- To be announced

15:15 Spain's October service industry PMI 54.7 -- to be announced

15:15--Spain October Comprehensive PMI 54.1 -- To be announced

16:20 Taiwan foreign exchange deposits in October (100 million US dollars) 4367.26 -- to be announced

16:45 Italy October service industry PMI 50.7 -- to be announced

16:45--Italy October Comprehensive PMI 51.1 -- To be announced

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16:50 France October comprehensive PMI final value 52.2 -- to be announced

16:50 French service industry PMI final value 52.1 in October - to be announced

16:55 Germany's service industry PMI final value 54.1 in October - to be announced

16:55 Germany's comprehensive PMI final value of 55.1 in October -- to be announced

17:00 euro zone October comprehensive PMI final value 53.7 -- to be announced

17:00 Eurozone October service industry PMI final value 53.5 -- to be announced

18:00 Eurozone September PPI monthly rate (%) -0.2 0 To be announced

18:00--Eurozone September PPI annual rate (%) -2.1 -1.8 to be announced

20:30 US non-agricultural employment after the seasonal adjustment in October (10,000) 15.6 17.3 To be announced

20:30--US Labor Participation Rate in October (%) 62.9 -- To be announced

20:30--Annual average hourly wage rate in October (%) 2.6 2.6 To be announced

20:30--October Labor Employment in October (万) 26 -- To be announced

20:30--The number of private sector employment in the United States in October (10,000) 16.7 16.8 To be announced

20:30--April average monthly hourly wage rate (%) in October 0.2 0.3 To be announced

20:30--US October seasonally adjusted manufacturing employment population (10,000) -1.3 -0.5 to be announced

20:30--America's average weekly working hours (hours) in October 34.4 34.4 To be announced

20:30--U.S. unemployment rate in October (%) 5 4.9 To be announced

20:30 Canada's unemployment rate in October (%) 7 7 To be announced

20:30--Changes in part-time employment in Canada in October (10,000) 4.41 -- To be announced

20:30--Changes in employment in Canada in October (10,000) 6.72 -1.5 To be announced

20:30--Canada employment participation rate in October (%) 65.7 65.65 To be announced

20:30--Changes in full-time employment in Canada in October (10,000) 2.3 -- To be announced

20:30 US September trade account (100 million US dollars) -407 -385 to be announced

20:30--US September exports (100 million US dollars) 1878.5 -- to be announced

20:30--US September imports (100 million US dollars) 2285.8 -- to be announced

20:30 Canada September Trade Account ($100 million) -19.4 -17 To be announced

20:30--Canada exports in September ($100 million) 434.1 -- To be announced

20:30--Canada imports in September ($100 million) 453.5 -- to be announced

22:00 Canada October IVY season adjusted PMI 58.4 -- to be announced

22:00--Canada Ivey has not adjusted PMI 68.1 in October - To be announced

22:30 US ECRI leading indicator for the week of October 28 --- to be announced

November 5th

01:00 US total oil drilling in Baker Hughes for the week of November 4th (mouth) -- -- To be announced

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01:00--The total number of oil wells in the oil service Baker Hughes in the US on November 4th (mouth) -- -- To be announced

01:00--The total number of mixed drillings in the oil service Baker Hughes in the US on November 4th -- (to be announced)

01:00--The total number of oil drills in the oil service Baker Hughes in the US on November 4th (mouth) -- -- To be announced

22:00 US September deducted national defense durable goods orders monthly rate (%) -- -- To be announced

Pay attention to mobile phone gold investment crude oil (http://m.cngold.org/energy/), the latest news on oil price adjustment is always available.

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