In terms of crude oil, the market is weighing the increasingly severe supply-side risks due to the Russia-Ukraine talks and the situation in Venezuela, while the United States may be ready for a new round of sanctions against the Russian energy sector. In the short term, crude oil is also entering a relatively tense state. After the previous wave of decline, it is also caught in a narrow range consolidation in the short term. However, the continuous rise in U.S. crude oil inventories and the contradiction between supply and demand is a long-term state. Without improvement in demand, it is difficult for crude oil to have a significant rebound. In terms of operations, continue to maintain a bearish rhythm on rebounds, and from a technical perspective, pay attention to the pressure around 57, which is gradually moving down!
Short position near 56.2, stop loss at 57, target at 55/54
