August 20 news
Today, the Brent crude oil spot price continues to rise, with the spread indicator showing a warning signal of stagnation (bearish). Considering the price positions across different periods, the 60-day cycle is at a mid-high level with limited upside potential, while the 3-month and 1-year cycles are at mid-levels with relatively balanced upside and downside potential. The short-term upward momentum of the price has weakened.
I. Table of Mean Difference Changes
| Average Difference Type | Today's Value (2026-08-19) | Yesterday's Value (2026-08-18) | Direction of Change |
|---|---|---|---|
| 5-day Average Difference (D5) | 2.04 | 1.58 | + |
| 10-day Average Difference (D10) | 0.83 | 0.89 | - |
| 20-day Average Difference (D20) | 2.11 | 1.41 | + |
II. Signal State Determination
The current combination of mean difference change directions is (+, -, +), which indicates a stagnation warning (bearish) in China.
III. Conclusion on Trend Direction
Oscillation. Reason: The change directions of the three moving average differences (5-day, 10-day, and 20-day) are not entirely consistent with the previous day, failing to meet the criteria for a clear trend. Therefore, it is judged as an oscillation trend, exhibiting characteristics of a stagnant and bearish oscillation.
IV. Positional Spatial Reference
60-day price positioning: Mid-to-high range, with limited upside potential;
Price positioning for the 3-month cycle: Median, with relatively balanced upside and downside potential;
1 year cycle price position: median, with relatively balanced room for increase and decrease.
Overall, although the Brent crude oil price has shown an upward trend in the short term, the medium-to-high level characteristics of the 60-day cycle limit further upward potential, and the momentum for increase has weakened.
Five, Trend Chart Display
Six, the upstream and downstream of the crude oil industry chain in China
Upstream products: No clearly associated upstream products;
Downstream products: n-heptane, marine fuel, base oil, petroleum ether, white oil, petroleum coke, liquefied gas, petroleum gas (coal gas), residual oil, heavy oil, lubricating oil, diesel, gasoline, fuel oil, asphalt, naphtha, acetylene, benzene, butene, propane
Risk Warning
The above analysis is for reference only and does not constitute trading advice.
