- 50:
- 50
- 40:
- 40
- 30:
- 30
A report released on Friday showed that the initial value of the University of Michigan's U.S. consumer confidence index hit its lowest level since last month and was lower than estimates and the final March value. A report released by the Federal Reserve on Friday showed that U.S. manufacturing output fell by .3% in March from the previous month, the largest decline in a year. The recovery of the U.S. manufacturing industry is still struggling.
If you have a good mentality in the trading market, I believe it can bring you better returns and make it easier and more enjoyable to do it. A good mentality means good trading, and a bad mentality means poor trading. What do you want? What will happen as a result?
After silver experienced a brief correction, the bullish momentum was released again. Silver may still be bullish in the future, because the negative interest rate environment still exists. For those holding cash and fixed income, the cost is high and they also face depreciation, so people still have to turn to gold and silver. The world's largest silver began to increase its positions on Friday after reducing its positions for many days.
Technically, due to Friday's surge and fall, silver's hourly chart shows a high-level shock and narrowing pattern. In the short term, it still maintains a high-status swap-type shock pattern, and the overall light pattern will be effective in the test 3 range. Although the expected weak momentum of interest rate hikes will continue to exert pressure in the short and medium term. However, spot silver prices still maintain a strong high derivative trend in the short term. Therefore, silver will continue its low bullish strategy next Monday.
Stick to your beliefs and keep your eyes open. If you can't do it, please let professionals help you. Choice is very important, just like Zhang Liang chooses Liu Bang and Fan Zeng chooses Xiang Yu!
Specific operation suggestions for next Monday:
, short silver 3, stop loss 3 target
, go long 3 below the silver price Stop loss target is 3 points
Focus on events next Monday:
: New York Fed President Dudley delivered an opening speech at an economic conference