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The four-week moving average of initial jobless claims in the United States for the week ending October 10 was 198,500, compared with a revised figure of 198,250 for the previous week (originally 198,000).The United States informed member countries of the International Energy Agency of its dissatisfaction with the emergency oil release. The US proposed releasing an additional 100 million barrels of crude oil.The following data will be released in ten minutes: U.S. initial jobless claims for the week ending October 10, the Philadelphia Fed Manufacturing Index and the New York Fed Manufacturing Index for October, September retail sales month-on-month, PPI month-on-month and year-on-year, and Canadas August wholesale sales month-on-month.On October 15th, it was reported that Blackstone Group (BX.N) has built a $200 billion data center portfolio and is collaborating with Google to develop its cloud computing business. Blackstone has also invested in AI labs like OpenAI, secured loans using Broadcom and Nvidia chips as collateral, and invested in power plants and data center cooling equipment. These moves indicate that the worlds largest alternative asset manager is comprehensively deploying its resources in artificial intelligence through various channels. Almost all private equity firms are investing in some area of the AI boom. However, while other institutions remain cautious about certain markets, Blackstone has consistently expressed strong optimism about the opportunities presented by AI. President Gray stated that investing in AI is "the most important thing" Blackstone is currently pursuing.On October 15th, Magdalena Andersson, leader of the Swedish Social Democratic Party, lost her first parliamentary vote for prime minister. This result was widely expected, but she still has a chance to become prime minister. In Thursdays vote, Andersson received 99 votes, the same number as the Social Democratic Party, while 248 votes were against her, and two members were absent. She has not yet reached the necessary agreement with her allies to secure their support. Under Swedish law, parliament can hold a maximum of four rounds of voting on a prime ministerial candidate; if all four rounds fail, a new election must be held. This means Andersson may face another parliamentary vote in the coming weeks. Her chances of being elected would increase if she could reach an agreement with her allies on the composition of the next government in advance.

U.S. crude oil trading strategy on October 14: oil price rises are suspended, activists can still do more on dips

Oct 26, 2021 11:03

US crude oil rose slightly on Thursday (October 14), and short-term oil prices still have a greater chance of rising, but the possibility of a callback is not ruled out. It is recommended that conservatives wait and see, and radicals do more on dips.


Daily level: The short-term rise of oil prices is temporarily suspended, but the supply and demand pattern behind it has not changed, so there is still a great opportunity for rising in the market outlook.

The technical overbought signal still exists, which has become a negative factor restricting oil prices. The possibility of oil price correction is not ruled out in the day, but the rise is still the main theme.

In terms of operation, it is recommended that the shorts leave the market temporarily, the activists can continue to buy more on dips, and the conservatives temporarily wait and see. At present, the overall oil price is still in the sideways stage.

The initial resistance above focuses on the October 11 high of 82.18, and further attention to the psychological barriers of 83 and 84.

The initial support below focuses on the 5-day moving average of 79.06, and further attention to the July 6 high of 76.98 and the 20-day moving average of 76.13.

(U.S. crude oil daily chart)

Resistance levels: 82.18; 83.00; 84.00
Support levels: 79.06; 76.98; 76.13

Short-term operating suggestions: conservatives wait and see, radicals do more on dips.

At 14:44 GMT+8, US crude oil was quoted at US$81.09 per barrel.