Diesel holds the breakout level and may become the driving force for the next round of crude oil.

智通财经2026/10/07 07:36

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(1) Diesel spot prices are holding steady above their previous breakout levels, demonstrating considerable strength. (2) Despite recent volatility in crude oil, diesel has refused to relinquish its gains, indicating that the physical refined products market remains robust. (3) Once diesel moves higher again, it is expected to drive crude oil prices upward simultaneously. (4) Crude oil itself is currently approaching cyclical lows. (5) When diesel confirms the start of its next rally from current levels, this could trigger the next major move in crude oil prices.

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(1) Diesel spot prices have firmly held onto previous breakout levels, demonstrating considerable strength. (2) Despite significant recent volatility in crude oil, diesel has refused to give back its gains, which indicates that the physical refined oil product market remains robust. (3) Once diesel prices rise again, it is expected to drive crude oil prices upward simultaneously. (4) Crude oil itself is currently gradually approaching its cycle lows. (5) When diesel confirms the start of the next upward move from its current position, this could become the trigger for the next major rally in crude oil.

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Diesel holds the breakout level and may become the driving force for the next round of crude oil.

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