Morning Trend | CHK OIL weakens and hits a new low, main sentiment in the crude oil market is sluggish amid fluctuations

CHK OIL (632.HK) continued to decline in performance yesterday, as the overall risk appetite in the oil and gas sector decreased under the pressure of fluctuating international oil prices and geopolitical uncertainties. Throughout the day, the main capital was primarily defensive, with active buying nearly disappearing, and the market's wait-and-see sentiment alternated with a dominant short position. The stock hit new recent lows multiple times during the session, with a clear advantage for selling and weak rebound momentum. On the technical front, the daily MACD death cross continued to widen, and the K-line group showed a weak arrangement, with limited rebound energy. Due to frequent disturbances from international news, funds and institutions opted for a high proportion of defensive positions and sector rotation, further amplifying market volatility. The OPEC meeting and significant geopolitical changes became the biggest uncertain variables of the day, impacting stock price fluctuations rapidly and dramatically. Overall, if external positive drivers are not obtained in the short term, the bearish trend is likely to continue, and a reversal seems difficult to be optimistic about. During the session, it is crucial to pay close attention to small-scale rebounds and capital movement signals to respond to potential oversold rebounds. Investors should adopt a conservative approach to avoid collective risks in the sector caused by sudden events. The key for the future market lies in whether liquidity can be restored and guidance from news sources, with profit opportunities relying on policy and international game progress