澳洲财经 发表于 2022-3-17 12:59:30

【ACY证券】俄乌谈判结果受万众瞩目,原油价格回归至关键支撑

<p class="MsoNormal" style="line-height:normal"><span style="font-size:16.5px;"><b><span lang="ZH-CN" style="font-family:"Microsoft YaHei",sans-serif;mso-bidi-font-family:"Microsoft YaHei"">俄罗斯和乌克兰之间的第四轮谈判已经延长至第三日。</span></b><span lang="ZH-CN" style="font-family:"Microsoft YaHei",sans-serif;mso-bidi-font-family:
"Microsoft YaHei"">在此期间,能源与金属等各类大宗商品也保持稳步下滑,逐渐将整个三月上旬的涨幅全部归还。由此可见,战争风险对商品价格有着最直接的影响。与此同时,<b>欧盟内部的分歧日益严重,以德国为首的多个主要成员国坚决反对制裁俄罗斯的能源出口。</b>正如</span><span lang="EN-AU" style="font-family:"Microsoft YaHei",sans-serif;mso-bidi-font-family:
"Microsoft YaHei"">ACY</span><span lang="ZH-CN" style="font-family:"Microsoft YaHei",sans-serif;
mso-bidi-font-family:"Microsoft YaHei"">证券之前的分析,看似西方国家共同制裁俄罗斯,但实际上都在借此机会达成各自的目的。例如德国扩张军备,日本更改宪法,以及美国加速能源改革等等。一旦涉及到自己的核心产业,便会相互推诿以维护自身利益,可以说是“雷声大雨点小”。近期的这些情况也是导致原油价格持续下跌的关键元凶。</span><span lang="EN-AU" style="font-family:"Microsoft YaHei",sans-serif;mso-bidi-font-family:
"Microsoft YaHei""></span></span></p><p class="MsoNormal" style="line-height:normal"><span style="font-size:16.5px;"><span lang="ZH-CN" style="font-family:"Microsoft YaHei",sans-serif;
mso-bidi-font-family:"Microsoft YaHei""></span></span></p>

<p class="MsoNormal" style="line-height:normal"><span style="font-size:16.5px;"><span lang="ZH-CN" style="font-family:"Microsoft YaHei",sans-serif;mso-bidi-font-family:"Microsoft YaHei"">不过战争下的制裁只是触发油价暴涨的一小部分原因,真正的主因在于长期的供需不平衡。自</span><span lang="EN-AU" style="font-family:"Microsoft YaHei",sans-serif;mso-bidi-font-family:
"Microsoft YaHei"">2020</span><span lang="ZH-CN" style="font-family:"Microsoft YaHei",sans-serif;
mso-bidi-font-family:"Microsoft YaHei"">年新冠爆发开始,疫情导致供应链中断,能源改革令产能投入不足,原油价格也进入了向上的“超级周期”。即便德尔塔和奥密克戎两个变种病毒在全球范围肆虐,油价仍在回调后继续上涨。<b>考虑到战争还未结束,同时各国政策刚开始紧缩,大宗商品的上涨周期很可能还未结束。</b></span><b><span lang="EN-AU" style="font-family:"Microsoft YaHei",sans-serif;mso-bidi-font-family:
"Microsoft YaHei""></span></b></span></p><p class="MsoNormal" style="line-height:normal"><span style="font-size:16.5px;"><span lang="ZH-CN" style="font-family:"Microsoft YaHei",sans-serif;
mso-bidi-font-family:"Microsoft YaHei""><b></b></span></span></p>

<p class="MsoNormal" style="text-align: center; line-height: normal;"><span style="font-size:16.5px;"><b><span lang="ZH-CN" style="font-family:"Microsoft YaHei",sans-serif;mso-bidi-font-family:"Microsoft YaHei"">从</span></b><b><span lang="EN-AU" style="font-family:"Microsoft YaHei",sans-serif;mso-bidi-font-family:
"Microsoft YaHei"">OPEC</span></b><b><span lang="ZH-CN" style="font-family:"Microsoft YaHei",sans-serif;
mso-bidi-font-family:"Microsoft YaHei"">昨日发布的原油月报来看,虽然各国都下调了经济预期,但</span></b><b><span lang="EN-AU" style="font-family:"Microsoft YaHei",sans-serif;mso-bidi-font-family:
"Microsoft YaHei"">2022</span></b><b><span lang="ZH-CN" style="font-family:"Microsoft YaHei",sans-serif;
mso-bidi-font-family:"Microsoft YaHei"">全年的预期需求增长仍高于供给。</span></b><span lang="ZH-CN" style="font-family:"Microsoft YaHei",sans-serif;mso-bidi-font-family:
"Microsoft YaHei"">美国方面看似在尽全力增加供给,然而民主党要的是绿色能源,而共和党却想重归传统能源,两边推行计划都有不小的政治阻力。而目前美国有机会寻求短期合作的目标却都是制裁中的国家。通过解除伊朗或委内瑞拉的制裁,然后去制裁俄罗斯?这无疑是拆东墙补西墙的行为。这也是为什么俄罗斯最近要赶着和伊朗搞好关系,毕竟敌人的敌人就是朋友。由此可见,原油的供需关系很难在短时间发生根本性变化,基本面的牛市条件充分,要看的便是情绪面的冲高回落何时结束。</span></span><span lang="EN-AU">&nbsp;</span><span lang="EN-AU" style="font-family:"Microsoft YaHei",sans-serif;
mso-bidi-font-family:"Microsoft YaHei""></span></span><br><br>data/attachment/portal/202203/17/125633dl84t2lvi89izqll.jpg<br></p>

<p class="MsoNormal" align="center" style="text-align:center;line-height:normal"><span style="font-size:16.5px;"><i><span lang="EN-AU" style="font-family:"Microsoft YaHei",sans-serif;mso-bidi-font-family:
"Microsoft YaHei"">USWTI</span></i><i><span lang="ZH-CN" style="font-family:"Microsoft YaHei",sans-serif;
mso-bidi-font-family:"Microsoft YaHei"">四小时图</span></i><i><span lang="EN-AU" style="font-family:"Microsoft YaHei",sans-serif;mso-bidi-font-family:"Microsoft YaHei""></span></i></span></p>

<p class="MsoNormal" style="line-height:normal"><span style="font-size:16.5px;"><span lang="ZH-CN" style="font-family:"Microsoft YaHei",sans-serif;mso-bidi-font-family:"Microsoft YaHei"">从</span><span lang="EN-AU" style="font-family:"Microsoft YaHei",sans-serif;mso-bidi-font-family:
"Microsoft YaHei"">WTI</span><span lang="ZH-CN" style="font-family:"Microsoft YaHei",sans-serif;
mso-bidi-font-family:"Microsoft YaHei"">原油四小时图来看,在经过整整一周的理性回调后,油价抵达了关键趋势线支撑。价格的上升通道下沿还未被打破,现价</span><span lang="EN-AU" style="font-family:"Microsoft YaHei",sans-serif;mso-bidi-font-family:
"Microsoft YaHei"">94</span><span lang="ZH-CN" style="font-family:"Microsoft YaHei",sans-serif;
mso-bidi-font-family:"Microsoft YaHei"">附近存在做多的机会。 指标方面,</span><span lang="EN-AU" style="font-family:"Microsoft YaHei",sans-serif;mso-bidi-font-family:
"Microsoft YaHei"">MACD</span><span lang="ZH-CN" style="font-family:"Microsoft YaHei",sans-serif;
mso-bidi-font-family:"Microsoft YaHei"">柱线形成了明显的底背离形态,说明空头的动力在逐渐被消化,价格接近短线底部。同时快慢线靠近,有形成底部金叉的可能,因此日内与短线需要关注多单入场的机会。<b>考虑到俄乌第四轮谈判随时会出结果,日内交易可以采用逢低做多</b>,配合上半小时级别的随机指标金叉信号,增加入场胜率。短线阻力主要集中在</span><span lang="EN-AU" style="font-family:"Microsoft YaHei",sans-serif;mso-bidi-font-family:
"Microsoft YaHei"">96.5</span><span lang="ZH-CN" style="font-family:"Microsoft YaHei",sans-serif;
mso-bidi-font-family:"Microsoft YaHei"">的前高点附近。<b>一旦价格上穿该阻力,同时</b></span><b><span lang="EN-AU" style="font-family:"Microsoft YaHei",sans-serif;mso-bidi-font-family:
"Microsoft YaHei"">MACD</span></b><b><span lang="ZH-CN" style="font-family:"Microsoft YaHei",sans-serif;
mso-bidi-font-family:"Microsoft YaHei"">形成金叉,便是短线突破跟随的机会。</span></b><span lang="ZH-CN" style="font-family:"Microsoft YaHei",sans-serif;mso-bidi-font-family:
"Microsoft YaHei"">现价上方的阻力主要看</span><span lang="EN-AU" style="font-family:"Microsoft YaHei",sans-serif;
mso-bidi-font-family:"Microsoft YaHei"">100</span><span lang="ZH-CN" style="font-family:"Microsoft YaHei",sans-serif;mso-bidi-font-family:"Microsoft YaHei"">的整数位关口,以及通道上沿</span><span lang="EN-AU" style="font-family:"Microsoft YaHei",sans-serif;mso-bidi-font-family:
"Microsoft YaHei"">101.5</span><span lang="ZH-CN" style="font-family:"Microsoft YaHei",sans-serif;
mso-bidi-font-family:"Microsoft YaHei"">附近。下方支撑则要看</span><span lang="EN-AU" style="font-family:"Microsoft YaHei",sans-serif;mso-bidi-font-family:"Microsoft YaHei"">93</span><span lang="ZH-CN" style="font-family:"Microsoft YaHei",sans-serif;mso-bidi-font-family:
"Microsoft YaHei"">和</span><span lang="EN-AU" style="font-family:"Microsoft YaHei",sans-serif;
mso-bidi-font-family:"Microsoft YaHei"">90</span><span lang="ZH-CN" style="font-family:"Microsoft YaHei",sans-serif;mso-bidi-font-family:"Microsoft YaHei"">关口。</span><span lang="EN-AU" style="font-family:"Microsoft YaHei",sans-serif;mso-bidi-font-family:
"Microsoft YaHei""></span></span></p>

<p class="MsoNormal" style="line-height:normal"><span lang="EN-AU" style="font-family:"Microsoft YaHei",sans-serif;mso-bidi-font-family:"Microsoft YaHei""><span style="font-size:16.5px;">&nbsp;</span></span></p>

<p class="MsoNormal" style="margin-bottom:0in;line-height:normal;background:white"><span style="font-size:16.5px;"><b><span lang="ZH-CN" style="font-family:"Microsoft YaHei",sans-serif;mso-bidi-font-family:
"Microsoft YaHei";color:black;mso-color-alt:windowtext">今日关注数据</span></b><b><span lang="EN-AU" style="font-family:"Microsoft YaHei",sans-serif;mso-bidi-font-family:
"Microsoft YaHei""></span></b></span></p>

<p class="MsoNormal" style="margin-bottom:0in;line-height:normal;background:white"><span style="font-size:16.5px;"><span lang="EN-AU" style="font-family:"Microsoft YaHei",sans-serif;mso-bidi-font-family:
"Microsoft YaHei";color:black;mso-color-alt:windowtext">17:00 IEA</span><span lang="ZH-CN" style="font-family:"Microsoft YaHei",sans-serif;mso-bidi-font-family:
"Microsoft YaHei";color:black;mso-color-alt:windowtext">公布原油市场月度报告</span><span lang="EN-AU" style="font-family:"Microsoft YaHei",sans-serif;mso-bidi-font-family:
"Microsoft YaHei""></span></span></p>

<p class="MsoNormal" style="margin-bottom:0in;line-height:normal;background:white"><span style="font-size:16.5px;"><span lang="EN-AU" style="font-family:"Microsoft YaHei",sans-serif;mso-bidi-font-family:
"Microsoft YaHei";color:black;mso-color-alt:windowtext">20:30 </span><span lang="ZH-CN" style="font-family:"Microsoft YaHei",sans-serif;mso-bidi-font-family:
"Microsoft YaHei";color:black;mso-color-alt:windowtext">加拿大</span><span lang="EN-AU" style="font-family:"Microsoft YaHei",sans-serif;mso-bidi-font-family:
"Microsoft YaHei";color:black;mso-color-alt:windowtext">2</span><span lang="ZH-CN" style="font-family:"Microsoft YaHei",sans-serif;mso-bidi-font-family:
"Microsoft YaHei";color:black;mso-color-alt:windowtext">月</span><span lang="EN-AU" style="font-family:"Microsoft YaHei",sans-serif;mso-bidi-font-family:
"Microsoft YaHei";color:black;mso-color-alt:windowtext">CPI</span><span lang="ZH-CN" style="font-family:"Microsoft YaHei",sans-serif;mso-bidi-font-family:
"Microsoft YaHei";color:black;mso-color-alt:windowtext">月率</span><span lang="EN-AU" style="font-family:"Microsoft YaHei",sans-serif;mso-bidi-font-family:
"Microsoft YaHei""></span></span></p>

<p class="MsoNormal" style="margin-bottom:0in;line-height:normal;background:white"><span style="font-size:16.5px;"><span lang="EN-AU" style="font-family:"Microsoft YaHei",sans-serif;mso-bidi-font-family:
"Microsoft YaHei";color:black;mso-color-alt:windowtext">20:30 </span><span lang="ZH-CN" style="font-family:"Microsoft YaHei",sans-serif;mso-bidi-font-family:
"Microsoft YaHei";color:black;mso-color-alt:windowtext">美国</span><span lang="EN-AU" style="font-family:"Microsoft YaHei",sans-serif;mso-bidi-font-family:
"Microsoft YaHei";color:black;mso-color-alt:windowtext">2</span><span lang="ZH-CN" style="font-family:"Microsoft YaHei",sans-serif;mso-bidi-font-family:
"Microsoft YaHei";color:black;mso-color-alt:windowtext">月零售销售月率</span><span lang="EN-AU" style="font-family:"Microsoft YaHei",sans-serif;mso-bidi-font-family:
"Microsoft YaHei""></span></span></p>

<p class="MsoNormal" style="margin-bottom:0in;line-height:normal;background:white"><span style="font-size:16.5px;"><span lang="EN-AU" style="font-family:"Microsoft YaHei",sans-serif;mso-bidi-font-family:
"Microsoft YaHei";color:black;mso-color-alt:windowtext">22:30 </span><span lang="ZH-CN" style="font-family:"Microsoft YaHei",sans-serif;mso-bidi-font-family:
"Microsoft YaHei";color:black;mso-color-alt:windowtext">美国当周</span><span lang="EN-AU" style="font-family:"Microsoft YaHei",sans-serif;mso-bidi-font-family:
"Microsoft YaHei";color:black;mso-color-alt:windowtext">EIA</span><span lang="ZH-CN" style="font-family:"Microsoft YaHei",sans-serif;mso-bidi-font-family:
"Microsoft YaHei";color:black;mso-color-alt:windowtext">原油库存</span><span lang="EN-AU" style="font-family:"Microsoft YaHei",sans-serif;mso-bidi-font-family:
"Microsoft YaHei""></span></span></p>

<p class="MsoNormal" style="margin-bottom:0in;line-height:normal;background:white"><span lang="EN-AU" style="font-family:"Microsoft YaHei",sans-serif;mso-bidi-font-family:
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