August 11th, news:
Recently, the international crude oil market has stopped falling and rebounded. The quotations for diesel from China's local refineries have also risen in tandem. The spread indicators show a strong rebound signal for diesel, with prices at a high level within a 1-year cycle, and at high levels in both 60-day and 3-month cycles. The short-term upward potential needs to be monitored for resistance above.
I. Table of Mean Difference Changes
Mean Difference Indicator Today’s Value (2026-08-10) Yesterday’s Value (2026-08-09) Direction of Change
5-day average difference (D5) 38.79 36.06 +
10-day average difference (D10) 3.57 -22.62 +
20-day average difference (D20) 5.96 8.21 -
II. Signal State Determination
The current combination of mean difference change directions is (+, +, -), which constitutes a strong rebound (bullish, rebound nature) signal.
III. Conclusion on Trend Direction
The price trend is oscillating (with a bullish bias), reason: the direction of change in the three averages compared to the previous day is not entirely consistent, meeting the criteria for an oscillating trend; among them, the 5-day and 10-day averages show a positive change, while the 20-day average shows a negative change, corresponding to a strong rebound with a bullish bias in the oscillating state. Additionally, supported by the increase in international crude oil prices on August 10 and the rise in diesel quotations from Chinese independent refineries, the short-term rebound momentum is relatively strong.
IV. Positional Spatial Reference
Diesel prices are at a medium-to-high level over the one-year period, and at a high level over the 60-day and three-month periods. The high-range indicates limited room for short-term price increases, so caution is advised regarding the risk of price setbacks and pullbacks.
V. Trend Chart Display
VI. Risk Warning
The above analysis is for reference only and does not constitute trading advice.
