Xi'an Chentong commodity operation

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Gartman (r), the founder of Gartman News Agency and a well-known investor, said in an interview on Wednesday (June 1) that he does not have high hopes for the Organization of the Petroleum Exporting Countries to reach an agreement at the Vienna Conference on March 1. It also said there was a risk of further decline in oil prices.
On January 1, this year, the first production reduction agreement framework in this year was reached at the Algeria meeting, and it was planned to reduce production to 10,000 barrels. At the same time, the organization will also negotiate and finalize specific quotas for each country at the Vienna Conference on October 1.
However, Iraq's recent request for exemption from production restrictions has intensified internal disagreements. At the same time, monthly crude oil production may reach a record high of 10,000 barrels per day. International oil prices have fallen by more than % from the high hit in the middle of the month.
Gartman said that not only are they deceiving the market, but they are even deceiving themselves. He expects oil prices to fall further at current levels and believes that the current global crude oil market should turn its attention to Russia instead.
Rosneft (R) CEO Sechin has recently expressed his willingness to further increase production. Gartman said that no matter how it is discussed, if Rosneft plans to increase production rather than reduce production, then the organization will be tied.
It is precisely because of Russia's attitude and the fact that internal differences have not yet been resolved that Gartman believes there are potential downside risks to oil prices this winter. He warned that U.S. crude oil prices would likely have to fall to $1.00 per barrel before old wells could no longer resume production.
Steps to open an account
Step 1: Provide a copy of your ID card and a clear photo of the front of you holding the agreement. You provide the front and back of your ID card. Take a photo or scan with your mobile phone and a clear photo of the front of you holding the agreement. Send it to us via the Internet or fax, and the size must be complete and clear
Step 2: Allocate a firm account
After verifying the relevant information, open a firm account based on the information provided, and issue a firm account opening agreement
/> ."Dealer Agreement"
."Notification Letter of Investors' Rights and Responsibilities for Trading Data Custody"
Step 3: Bank Fund Custody
After the third step is completed, you can The bank handles tripartite fund custody business. Banks currently accepting applications include Agricultural Bank of China and China Construction Bank. Choose according to your convenience
Step 4: Deposit
After the fourth step is completed, you can deposit money through the trading system or online banking or over the counter.
Signing process
1. Apply for a CCB card, activate online banking business, and download the online banking escort security component.
2. Insert the CCB online banking shield and enter your username and password to log in to personal online banking.
3. Choice: Sign the investment and financial management business through online signing.
4. Enter the keyword in the merchant name: Shanghai Yangtze United, click the query button, select the merchant Shanghai Yangtze United Metal Trading Center, and click Next.
5. Enter the seat number (that is, the trading account number) and select: End of Day Liquidation. Select Yes for both options in the screenshot. After agreeing to the agreement, click Next
6. Check the information and enter the contact person Mobile phone number, click: OK.
7. Enter the online banking shield password and click OK.
8. Click the confirmation button of the online banking shield.
9. It shows that the contract was signed successfully.
After the unexpected surge in data this week, U.S. and Burundi oil prices fell sharply in the short term. Following the announced increase in crude oil inventories, crude oil inventories increased by 10,000 barrels this time, reaching the highest level since the data was compiled. Crude oil inventories in Cushing also increased slightly, although gasoline and refined oil recorded declines. Affected by the surge in crude oil inventories, U.S. and Burundi oil prices plummeted instantly. However, it is worth noting that oil prices are entering a period of seasonal downturn. After being hit hard by two major data the next day, crude oil fell below the edge of the US dollar mark and once again found support to rebound slightly. It is currently hovering around the US dollar. Its upward momentum is weak, and the US dollar will mainly fluctuate in the range during the day
Of course, In addition to these traditional pessimistic warnings that markets set up by central banks will sooner or later collapse, Zinger also predicts that in the coming months and years, oil prices will be higher than current USD/barrel levels, but not by much. . Today, the oil market has basically reached a balance between supply and demand. Although crude oil inventory levels remain high today, crude oil prices will hover around USD to USD in the medium term as U.S. shale oil production returns.
In addition, Singer also mentioned the asset he has been holding, gold. Zinger said gold had a mediocre performance in the third quarter, and he was puzzled by the pullback in gold prices as market expectations for a Fed rate hike increased. Based on the past few years, market assets have fluctuated in response to expectations of the Federal Reserve raising interest rates. But now is not a good time to abandon this only asset safe haven.
In addition, Italy will hold a referendum on domestic constitutional reform on October 1, European time. If the result of the referendum is that there is no constitutional reform, the current Italian Democratic Party government led by Renzi may be disintegrated and an early election will be held at the beginning of the year. Moreover, an early election will lead to the populist Five Star Movement taking power in Italy, and the most important promise of this party to the people is that it will launch a referendum on leaving the European Union once it takes power. Therefore, the potential impact of the Italian referendum is actually much greater than that of the British Brexit referendum