Return to zero mentality

The most important thing is to stick to your system. After you start to build a trade, either stop the loss or hold on for a long time. When all you see is profit, the risk often comes quietly. On the other hand, when you are at risk in space, the opportunity is often at hand. The most important thing on the battlefield is to be alive, and only by living can we destroy the enemy. Whether you are a general or a soldier, your choice determines your strategy and your future.

Future view

Oil prices rose slightly on Monday, including geopolitical factors such as Russia's non-strategic nuclear weapons exercises and falling cease-fire negotiations between Kazakhstan and Israel, as crude oil with over-falling demand rebounded after falling sharply on the first trading day after the May Day holiday. However, it can be seen that market confidence is still low, and the fall in oil prices below key support during the holiday period has severely undermined market confidence, leading to a significant change in investors' expectations for the future of oil prices, typically more sensitive to negative factors. this means that investors are more worried about oil prices in the future.

The demand side of the crude oil market, which is about to enter the traditional peak consumption season, has no bright spot to boost market confidence. Oil prices are facing the dilemma of sluggish demand. The recent rebound in inventories in the global oil market worries the market. Investors hope that OPEC + can come out to stabilize the market again. However, the production reduction of some core member countries, including Iraq and Kazakhstan, lags far behind the production reduction plan, which makes the market doubt the actual implementation of the OPEC + voluntary production reduction plan. Saudi Arabia also supported an increase in the price of its flagship crude oil exports to Asia for the third month in a row. Generally speaking, after the collapse of oil prices, the market confidence has fallen more and more obviously, and there is an overfall rebound to repair demand in the short term, but the upward drive of oil prices is limited, and it is expected to maintain a weak shock pattern, pay attention to the rhythm and participate cautiously.

Daily dynamics

[1] WTI's main crude oil futures closed up 3.Robloxscratch.45 US dollars, up 0.47% to 78.48 US dollars per barrelRobloxscratchBrent crude oil futures closed up 37 cents, or 0.45 percent, at 83.33 U.S. dollars per barrel, while INE crude oil futures closed up 0.13 percent at 616.9 yuan.

[2] the dollar index fell 1.16% to 105.1, the Hong Kong exchange dollar fell 0.53% to 7.1983, the 10-year U.S. Treasury bond rose 1.32% to 108.86, and the Dow Jones Industrial average rose 0.46% to 38852.27.

Recent important news

[1] over the weekend, Saudi Arabia reportedly raised the official price (OSP) of Arab light crude, its flagship product for June to Asian customers, by 90 cents, higher than the benchmark price of $2.90 in the Oman-Dubai region. By contrast, a Bloomberg survey of six refiners predicts that oil prices will rise by 60 cents. The prices of other lighter and heavier varieties were also higher than in May.

The increase highlights Saudi Arabia's efforts to keep the market tight as the risk of war in the Middle East recedes, partly pushing down oil prices in London. Most traders and analysts predict that the Organization of Petroleum Exporting countries (Organization of the Petroleum Exporting Countries) and its allies will extend production limits, possibly until the end of the year.

[2] Hamas has informed Qatari and Egyptian mediators of its acceptance of the cease-fire proposal, Al Jazeera quoted senior Hamas sources as saying.

Israeli official: Hamas has approved a "softened" Egyptian offer for a cease-fire, which is unacceptable to Israel. Office of the Israeli Prime Minister: Hamas's proposal is a far cry from the call for a cease-fire and will continue negotiations to reach an agreement.

The Israeli military stated that it is currently carrying out targeted attacks against Hamas in eastern Rafah.

White House: the result of Hamas (accepting the cease-fire proposal) came after discussions led by CIA Director Burns. Do not support Rafah ground operations that endanger the safety of civilians.

[3] Russian Defense Ministry: preparations for missile exercises in the southern region began, with the participation of air force and naval forces. The exercise will include the preparation and deployment of non-strategic nuclear weapons. The exercise is aimed at responding to provocative remarks and threats from Western officials to ensure Russia's security.

The above chart data are from the IFIND Haitong Futures Investment Consulting Department of Mandarin Finance and Economics

The content was originally created by Haitong Futures Energy Research and Development Center.