The interest rate hike cycle has led to continued weakening of crude oil

The interest rate hike cycle has led to continued weakening of crude oil

Fundamental Summary: The Fed's continued sharp interest rate hikes have put tremendous pressure on financial markets, and many countries around the world are facing high inflation, currency depreciation, downward pressure on the economy caused by capital outflows, and declining
spending power 。 Central banks are under pressure to increase interest rate hikes, which has put global growth concerns into panic mode, weakening economic activity and short-term crude oil demand prospects; At present, the performance of crude oil market demand continues to plague oil prices, and we mentioned in the previous report that observing the market can see that the overall confidence of the market is constantly losing, so that geopolitical factors such as the European energy crisis, the price limit of Russian oil by Western countries, and the escalation of tensions caused by Russia's partial mobilization cannot effectively boost market sentiment
.
With global market central banks, tightening liquidity and downward pressure on the economy, the overall downward trend in commodity prices is the general trend, and oil prices falling below the $80 mark have further undermined market confidence
.

Operation suggestion: crude oil 11 contract to see the intraday operating range of 647-628, the near term does not rule out a fall to the 600 line, the overall situation continues to weaken under the international economic interest rate hike cycle, the transaction continues to sell high and low, short order participation remains unchanged
.