Rebirth: The Financial Giant

Two days later, on Thursday, April 9.

The oil production reduction agreement, which has attracted international attention, was discussed at 22 o'clock this evening. During the day, the market performance of the big a, out of the shrinking volume and closing the red cross star, the Shanghai index rose slightly +0.37%, and the trend throughout the day was quite weak. .

The stock king continued to walk out of recent new highs today, and it is almost a step away from the previous high of 143,568.86 yuan to hit a new all-time high, but today it also closed a small cross star red K line.

Tiansheng Holdings closed up +1.20% today, the stock price closed at 141,171.02 yuan, the trading volume was 28.2 billion yuan throughout the day, and the after-hours market value was 11.29 trillion yuan.

Judging from the performance of the A-share market today, before the results of the meeting on the oil production cut agreement came out, big capital did not want to make too much action.

The most typical example is that the stock king has shrunk in volume today, and the trading volume throughout the day has shrunk to 28.2 billion. For other stocks, this is a huge amount, but for the stock king, it is simply the amount of land, especially compared to the previous one. For a while, the daily trading volume has often exceeded 200 billion.

The last time the stock king's daily trading volume was below 30 billion yuan was in December last year.

And this time, the stock king went out of the land, but the stock price went out of the sky.

From the technical point of view, the rising wedge-shaped pattern is converging, and it is about to touch the threshold of a new all-time high.

There are various signs that the change of the stock market seems to be imminent, and it is very likely that this oil production cut agreement has become the incentive for the change.

In the end, whether the change will break up to a new high or break down, everyone actually has no idea, but the change of the stock king will undoubtedly profoundly affect the next trend of Big A.

From the point of view of technical analysis, the probability of Tiansheng holdings' technical chart changing to the downside is higher. If the stock king lies down in the A-share market, don't think about it. Now the whole big A almost depends on its face.

No way, the current market situation is like this.

But then again, the reason why the stock king is called the stock king is that many so-called technical analysis is ineffective for the stock king most of the time. If you look at the technical analysis school and count it forward, the stock king does not know How many highs should have crashed, but every time it goes down, it will come up and make a new high.

Looking back now, every time Tiansheng Holdings fell, it was a golden pit, especially since the beginning of this year, it can be said that it has given the market all kinds of funds the opportunity to buy the bottom three times. It is really interesting to see the stock king in this way. Well, what do you still want?

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It's Friday, April 10th.

Today's A-share market fluctuated lower, and the Shanghai Composite Index closed down -1.04% throughout the day, closing at 2796 points, falling below 2800 points.

Tiansheng Holdings did not break out of a new high today, but fell -2.01% in heavy volume. The stock price closed at 138,334.67 yuan. The trading volume was 51.4 billion compared with yesterday's heavy volume, and the stock price also fell below the 140,000 yuan mark again.

The market downturn is mainly driven by news and oil prices. The oil production cut agreement began last night. At around 22 o’clock in the evening, Brent crude oil rose by more than 10 percentage points in a straight line, but then began to dive all the way, and finally closed down. -2.47%, which gave investors a bad hunch.

However, in the eyes of many domestic investors, the expected speculation of this oil production reduction agreement should end here. No matter what, it is the time to leave the market. First, there are still uncertainties in the oil production reduction negotiations. Second, even if an agreement is reached, It belongs to the positive realization. No matter what, the US stock market has rebounded by more than 20 percentage points, but the love affair between the old and the United States has not been effectively controlled.

Compared with the reduction of oil production, the market is more concerned about the decline in demand caused by the love affair, which is the most fatal problem. If the love affair does not usher in a real turning point, the agreement will only be a temporary extension of life and cannot solve the fundamental problem.

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The news will soon have the latest situation, and found the reason for the rise and fall of oil prices. The negotiation of the oil production reduction agreement failed to reach a final agreement due to the opposition of Mexico.

OPEC and Russia and other non-OPEC oil-producing countries have initially reached an agreement to reduce production, that is, from May 1, the average daily crude oil output will be reduced by 10 million barrels. The first round of production cuts will last for two months, but the premise is that the full effect of the agreement depends on whether Mexico agrees to the allocated amount of production cuts.

There is another moth here in Mexico, which is a very bad signal for the market, and the three major North American stock index futures began to turn down.

But in the evening, the G20 energy ministers meeting issued a statement that it would take "all necessary measures" to maintain the balance between oil producers and consumers.

Obviously, it is out to boost confidence in the market. I am really afraid of being tossed, and I am afraid that the market will die for you to see.

But the statement issued only jumped out and shouted, and did not promise to take concrete steps to reduce oil production.

Clearly, demand for crude oil can only pick up if global economic activity returns to normal. At the same time, more non-OPEC oil-producing countries are persuaded to participate in the production cut, so that all parties can reach an agreement as soon as possible, and oil prices may rebound sharply.

The oil price is hovering at a low level during the production period, and the major oil-producing countries are not having a good time.

Everyone suffered heavy losses, and it was a bit unbearable.

Negotiations between non-OPEC producers such as OPEC and Russia broke down last month and failed to reach a new agreement to cut production. In addition, oil demand has been hit hard by the impact of the epidemic on the global economy.

In this context, Sart and Oros have announced to increase production in order to compete for market share, which gradually evolved into an intensifying surge in crude oil prices, causing a serious imbalance in the fundamentals of supply and demand in the crude oil market.

In addition, the global crude oil reserve space has also approached saturation, further reducing crude oil demand and increasing the downward pressure on oil prices.

Oil prices have been hovering between US$20 and US$30 per barrel for a long time. Under this situation, all major oil-producing countries are under pressure. The oil layer of Sate is shallow and easy to exploit, and the cost is below US$10, which is significantly lower than that of Russia. It is less than $20 per barrel in Sri Lanka and $40 to $50 in North America.

However, for Shate, whose income from the energy industry accounts for more than two-thirds of the total, to achieve financial balance, a price war is the last resort, not a long-term solution. This is also the current round of negotiation on the production reduction agreement. Important reasons to have a good talk.

As for Russia, it is not much better. The oil price factor has reduced its oil and gas revenue by nearly 3 trillion rubles compared with the forecast. uukanshu.com In the first two months of this year, Russia's budget deficit surged, for which it had to use reserves to deal with financial difficulties.

Not to mention the old beauty.

Everyone is losing, who wins?

The answer, of course, is oil consuming countries!

But what worries the market is that the old and the United States have a somewhat ambiguous attitude towards participating in production cuts.

On the one hand, the voices of the old and the United States to participate in and oppose to participate in the production reduction are not weak. On the other hand, its antitrust law prohibits North American producers from signing any production agreements, and North America has limited management capabilities for oil companies in various states. It is difficult to force the United States. Oil production cuts.

And if the old and the United States do not participate in the production reduction agreement, the problem of being squeezed by shale oil that Russia, Sate and other countries are worried about will still exist, and the game between all parties will continue.

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