Morning Trend | Phillips 66 bulls push higher, is the refining sector's main upward wave about to take off?
Phillips 66 (PSX) surged sharply last night with a significant increase in volume, attracting funds throughout the day, driving enthusiasm across the chemical refining sector. "With the leader setting the pace, is the main upward wave of the sector about to break out?" Many short-term traders are sharpening their knives, eyeing high points. The short-term crude oil market is recovering, refinery operating rates are high, China-U.S. bilateral trade is easing, and North American chemical export data has hit record highs, leading to a broad expectation of increased funding. Funds are clustering around leading stocks in a favorable environment, with strong sector rotation, and the reshuffling of interests in the chemical industry chain has made short-term clustering sentiment evident. Technically, momentum indicators have risen for three consecutive days, KDJ has broken through a key range, and there are significant signs of "control" by major players in volume and price. The daily bullish trend is stable. The only risk is that the RSI is approaching overbought territory, and some funds may have a tendency to take profits. Under the long bullish trend, one should guard against short-term pullbacks and rush into the market. The start of the main upward wave requires close attention to volume, price, and intraday continuity; if major players ease up slightly, it could lead to a quick reversal. The mainstream strategy in the community: as long as the volume continues to expand, the rapid-paced rise controlled by bulls is almost unstoppable, with many short-term opportunities; conversely, if the price rises and falls behind, it could flip and crash at any time. The industry is highly active, and the direction of intraday funds switches significantly with policy and oil price changes. Accurately capturing intraday anomalies in volume and price is the decisive point for whether this wave of market opportunity will be realized
Phillips 66 (PSX) surged sharply with increased volume last night, attracting a frenzy of funds during the session, driving enthusiasm across the chemical refining sector. "With the leader setting the pace, is the main upward wave of the sector about to break out?" Many short-term traders are sharpening their knives, eyeing high points.
The short-term crude oil market is recovering, refinery operating rates are high, China-U.S. bilateral trade is easing, and North American chemical export data has hit record highs, leading to a broad acceleration of fund expectations. Funds are clustering around leading stocks in a favorable environment, with strong sector rotation, and the reshuffling of interests in the chemical industry chain has made short-term clustering sentiment evident.
Technically, momentum indicators have risen for three consecutive days, KDJ has broken through a key range, and there are significant signs of "control" by the main force with increased volume and price. The daily bullish trend is solid. The only risk is that the RSI is approaching overbought territory, and some funds may have a tendency to take profits. Under the long bullish trend, one should guard against short-term pullbacks and rush in. The start of the main upward wave requires close attention to volume, price, and intraday continuity; any slight relaxation by the main force could lead to a quick reversal.
Mainstream community strategy: As long as the volume continues to expand, the rapid-paced rise controlled by bulls is almost unstoppable, with many short-term opportunities; conversely, if the price rises and the laggards fall behind, a sudden sell-off could occur at any time. The industry is highly active, with intraday fund flows switching significantly with policy and oil price changes. Accurately capturing intraday anomalies in volume and price is the decisive point for whether this wave of market momentum will be realized
