On December 26, the international crude oil market experienced turbulent fluctuations, with oil prices falling from their high points during the night session, showcasing a range-bound oscillation. Compared to the quiet trading in Western markets over the holidays, the domestic crude oil sector was more active, with SC crude oil (607, -8.60, -1.40%) hitting a new December high but ultimately failing to maintain its gains, declining in line with weakening overseas markets.
The Strong Performance of the Domestic Crude Oil Sector
On Thursday night's trading, domestic crude oil-related products attracted substantial attention from investors, with high-sulfur fuel oil (3495, -7.00, -0.20%) and asphalt (3609, -13.00, -0.36%) showing particularly strong performance, leading the market and boosting the overall sentiment in the crude oil sector. SC crude oil prices temporarily broke out of the oscillation range, setting a December high but retreated from the peak as overseas markets weakened.
International Market Maintains Oscillating Pattern
Globally, the crude oil market remains in an oscillating rhythm. Due to a lack of clear unilateral drivers and the light trading during the Christmas holidays, the volatility range of oil prices in Europe and America further narrowed. Recent data indicates a cautious market sentiment, with investors more focused on short-term fluctuations as trading opportunities.
In addition, the EIA crude oil inventory data, originally scheduled for release at dawn on Friday Beijing time, was postponed to early Saturday due to the holiday, adding further uncertainty to the market and prompting investors to carefully manage risks.
Traders Need to Strengthen Plan Execution
For futures traders, it is particularly important to establish a clear trading plan and adhere to it strictly. Although many traders are able to formulate concise strategies, fear and greed often lead to deviations from the plan in the heat of trading, which is a key reason for the difficulty in achieving success. To maintain a winning position in the complex and volatile crude oil market, traders must enhance self-control and focus on managing funds and risks prudently.
Outlook for the Future Market
In the short term, oil prices are expected to continue their range-bound oscillation, with the domestic crude oil sector likely to remain under the watch of investors. However, it is crucial for investors to closely monitor changes in international markets and the impact of key data releases on prices, operate cautiously, and maintain flexible trading strategies.
