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On October 10, the General Staff of the Armed Forces of Ukraine announced that Ukrainian troops had again attacked the Samara linear production dispatch station in Russias Samara region. The extent of the damage is still being assessed. The Ukrainian side stated that the station is a major hub for receiving, storing, and blending crude oil for Russia, playing a crucial role in ensuring the needs of the Russian military. Furthermore, the Ukrainian military confirmed that four storage tanks were destroyed and a large fire broke out during the attack on the station on October 7. Ukraine stated that such attacks are aimed at weakening Russias military and economic potential.Russia appoints governor: Four civilians have been killed in the Russian-controlled Luhansk region of Ukraine in the past 24 hours.On October 10, Irans Fars News Agency released a video showing Iran using a Shahed drone to strike US targets. This is reportedly the first time Iran has publicly released footage of using this weapon in an attack. The newly released video also shows Iranian Pavi cruise missiles being launched from bases along the Strait of Hormuz, striking US targets in the region.Ukraines Ministry of Energy: Power outages occurred in Kyiv and surrounding areas following Russian attacks.On October 10th, at a recent political seminar in Israel, former Israel Defense Forces Deputy Chief of Staff Yair Golan stated that Israels killing of former Iranian Supreme Leader Ayatollah Khamenei "was a mistake and not in Israels interest." Golan said that there was originally a strategic balance when dealing with a senior, aging, and hardline leader, but after eliminating a large number of key figures, Israel has instead inherited a more extreme and violent camp. He believes that from a long-term strategic perspective, Israels situation has deteriorated, and the Netanyahu governments attempt to overthrow the Iranian regime has failed. The US and Israel launched a military operation against Iran on February 28th, resulting in the deaths of Khamenei and several senior Iranian political and military officials. In response, Iran attacked targets within Israel and several US military bases in the Middle East.

October 1st US crude oil trading strategy: oil prices may remain volatile before OPEC+ meeting, it is recommended to wait and see

Oct 26, 2021 10:57

On Friday (October 1), US crude oil is almost stable. Short-term oil prices may continue to fluctuate. Investors are advised to wait and see for the time being.


Daily level: Oil prices tend to fluctuate at a high level this week. When OPEC+ is about to hold its October meeting, the bulls have reservations about the outlook for oil prices.

Technically, the moving averages are long arranged, MACD golden cross, RSI breaks out of the overbought range, and the pattern is positive for the longs. However, the risk of oil price decline cannot be ruled out. OPEC+ will meet next Monday to discuss further production increase plans.

It is expected that oil prices will continue to fluctuate before the OPEC+ meeting results, and the market will remain cautious. Investors are advised to wait and see for the time being.

The upper resistance is concerned with the high of 76.67 on September 28, and further attention is paid to the high of 76.98 on July 6 and the pressure of the various integer marks above.

Issue support to focus on the 10-day moving average of 73.52, and further focus on the 20-day moving average of 71.90 and the 100-day moving average of 70.18.

(U.S. crude oil daily chart)

Resistance levels: 76.67; 76.98; 78.00
Support levels: 73.52; 71.90; 70.18

Short-term operation advice: wait and see first.

At 14:19 GMT+8, U.S. crude oil was quoted at $74.94 per barrel.

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