The oil production reduction agreement, which has attracted international attention, will be discussed at 22:00 this evening. The market performance during the day was strong, with the stock index rising slightly by +0.37%, and the trend throughout the day was quite weak.
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The stock king continued to hit recent new highs today, and was almost one step away from the previous high of 143,568.86 yuan to hit a new all-time high. However, it also closed a small red doji candlestick today.
Tiansheng Holdings closed up +1.20% today, with its stock price closing at 141,171.02 yuan, with a full-day trading volume of 28.2 billion yuan, and an after-hours market value of 11.29 trillion yuan.
Judging from today's A-share market performance, big funds don't want to make any big moves before the results of the oil production reduction agreement come out.
The most typical one is that the stock king has fluctuated and shrunk today. The trading volume for the whole day has shrunk to 28.2 billion. For other stocks, this is a huge amount, but for the stock king, it is simply the largest amount of land, especially compared with the previous day.
The daily trading volume for a while can easily exceed 200 billion.
The last time a stock king’s daily trading volume was below 30 billion yuan was in December last year.
And this time, the stock king went out of his way, but the stock price went up to a sky-high price.
From a technical perspective, the rising wedge pattern is converging and is about to reach the threshold of a new all-time high.
There are various signs that the stock market leader is about to change his position, and it is very likely that the oil production reduction agreement will be the inducement for the change.
In fact, everyone has no idea whether the market change will break through new highs upwards or downwards, but the stock market changes will undoubtedly have a profound impact on the subsequent trend of Big A.
From the perspective of technical analysis, Tiansheng Holdings' technical graphics are more likely to change to the downside. If the stock king lies down in the A-share market, don't think about it. Now the whole big A almost depends on its face.
There is no way, the current market situation is like this.
But then again, the reason why the stock king is called the stock king is that many so-called technical analyzes are invalid for the stock king most of the time. If you look at it according to the technical analysis school, counting forward, the stock king does not know
There were so many high points that should have crashed, but every time they went down they would come back up and hit new highs.
Looking back now, every big drop in Tiansheng Holdings was a gold pit, especially the three downs and three rises this year. It can be said that it gave various funds in the market three opportunities to buy the bottom. It is really interesting to see the stock king.
La, what else do you want?
…
It’s Friday, April 10th.
Today's A-share market fluctuated and fell. The Shanghai Stock Index closed down -1.04% throughout the day, closing at 2796 points, falling below 2800 points.
Tiansheng Holdings did not reach a new high today but fell -2.01% on heavy volume. The stock price closed at 138,334.67 yuan. The trading volume reached 51.4 billion compared with yesterday's heavy volume. The stock price also fell below the 140,000 yuan mark again.
The market decline was mainly driven by the news and oil prices. The oil production reduction agreement started last night. At around 22:00 in the evening, Brent crude oil rose by more than 10 percentage points during the day, but then it began to dive all the way, and finally closed down.
-2.47%, which gave investors a bad premonition.
However, in the eyes of many domestic investors, the expected hype of this oil production reduction agreement should have ended here. It is the time to leave anyway. First, there is still uncertainty in the oil production reduction negotiations. Second, even if an agreement is reached, it will be difficult to reach an agreement.
It is a sign of cashing in on the good news. No matter what, the U.S. stock market has rebounded by more than 20 percentage points, but the adultery problem in the United States has still not been effectively controlled.
Compared with oil production cuts, the market is more concerned about the decline in demand due to the coronavirus situation, which is the most fatal problem. If the coronavirus situation does not usher in a real turning point, an agreement will only temporarily extend the life of the country and cannot solve the fundamental problem.
…
The latest news soon came out, which provided the reason for the rebound in oil prices. Negotiations on the oil production reduction agreement failed to reach a final agreement due to the opposition of Mexico.
OPEC and Russia and other non-OPEC oil-producing countries have initially reached an agreement to reduce production, that is, starting from May 1, the average daily crude oil production will be reduced by 10 million barrels. The first round of production cuts will last for two months, but the prerequisite is whether the agreement can be comprehensive
Taking effect depends on whether Mexico agrees to the allocated production reduction quota.
Something went wrong again in Mexico, which was a very bad signal for the market. Futures on the three major North American stock indexes began to fall.
However, just in the evening, the G20 Energy Ministers' Meeting issued a statement that "all necessary measures" will be taken to maintain the balance between oil producing and consuming countries.
Obviously, now that you are out to boost confidence in the market, you are really afraid of being beaten, and you are afraid that the market will backhand you and kill you.
However, the statement issued only made a few loud noises and did not commit to taking specific steps to reduce oil production.
Obviously, only when global economic activities return to normal can demand for crude oil increase. At the same time, more non-OPEC oil-producing countries can be persuaded to participate in production cuts, so that all parties can reach an agreement as soon as possible, and oil prices may rebound significantly.
Oil prices are hovering at low levels during the production period, and the major oil-producing countries are having a hard time. The United States, the United States, the Bears, and the big dogs are all suffering.
Everyone has suffered heavy losses and it’s really hard to bear it anymore.
Negotiations between OPEC and non-OPEC oil-producing countries such as Russia broke down last month and failed to reach a new production reduction agreement. Coupled with the impact of the coronavirus on the global economy, oil demand has been hit hard.
Against this background, Sate and Oras have announced increases in production in order to compete for market share, which has gradually evolved into an intensifying rise in crude oil prices, causing a serious imbalance in the fundamentals of supply and demand in the crude oil market.
In addition, global crude oil reserve space has also reached saturation, further compressing crude oil demand and increasing downward pressure on oil prices.
Oil prices have been hovering between 20 and 30 US dollars per barrel for a long time. Under this situation, all major oil-producing countries are under pressure. The oil in Saite is shallow and easy to extract. The cost is below 10 US dollars, which is significantly lower than that in Russia.
It is less than US$20 per barrel in Sri Lanka and US$40-50 in North America.
But for Sate, whose energy industry accounts for more than two-thirds of its revenue, in order to achieve a balanced fiscal balance, a price war is ultimately a last resort and not a long-term solution. This is also the reason why Sate is willing to negotiate the current round of production reduction agreement.
Important reasons to have a good talk.
As for Russia, it is not much better. Oil price factors have reduced its oil and gas revenue by nearly 3 trillion rubles than expected. In the first two months of this year, Russia's budget deficit surged, and it had to use its reserves.
to cope with financial difficulties.
Needless to say, Lao Mei.
Everyone is losing, who is winning?
The answer is of course oil consuming countries!
But what worries the market is that Laos and the United States are somewhat ambiguous about participating in production cuts.
On the one hand, there are strong voices within the United States that want to participate in production cuts and are opposed to participating in production cuts. On the other hand, its antitrust laws prohibit North American producers from signing any production agreements. North America also has limited management capabilities for oil companies in each state, making it difficult to force the United States to do so.
Companies cut oil production.
And if Laos and the United States do not participate in the production reduction agreement, the problem that Russia, Saudi Arabia and other countries are worried about being squeezed out of the market by shale oil will still exist, and the game between the parties will continue.
