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According to me, asphalt has been rising some time ago I understand that many investors have short positions at many lower positions. However, the crude oil inventory data released yesterday gave the market expectations for this data that seemed to be too high. Finally, after the data was released in the evening, the price of asphalt fell quickly in Ningxia Longsheng, which fell to a low of around 100% on the market and appeared today. Some short sellers have continued to show no signs of stabilizing asphalt prices.
The data released yesterday put greater pressure on the rise of crude oil. Specific data showed that U.S. crude oil inventories increased by 10,000 barrels to . Inventories at Cushing, the U.S. crude oil delivery site, increased by 10,000 barrels to a record high. In fact, the increase in crude oil inventories did not put substantial pressure on asphalt. More pressure should come from the meeting minutes released in the middle of the night. The meeting minutes boosted the US dollar to rise rapidly and suppressed the rising ability of asphalt. There was a dark cloud cover at the top of the daily line of asphalt yesterday. . The market is changing rapidly and unexpected things happen at all times
Judging from the technical chart, the asphalt price in Longsheng, Ningxia, closed under a dark cloud yesterday and continued to go out of the short position today. However, the support capacity nearby is very obvious. The market needs to do more at this position in the short term. Only after this test is it possible that the short position will break and continue. You cannot be overly bearish on asphalt at the moment. At least after yesterday's rapid decline and stabilization, be careful that the market will quickly rise and repair and then fall back down
Beijing time on Thursday: The Federal Reserve released its monthly monetary policy meeting Minutes: Fed officials remain open to the possibility of raising interest rates this month. The minutes showed that most Fed officials said they would raise interest rates in March if the economy was strong.
Many officials pointed to the need to pay close attention to global risks. Officials believe global risks have receded since March. Several officials viewed risks to the outlook as broadly balanced. Downside risks include a weaker spending and global outlook. The hawkish component of the interest rate statement exceeded market expectations. Gold and crude oil both plummeted, and the U.S. dollar index soared, breaking through the integer mark.
An Rui concluded that if the Fed still has the possibility of giving up on raising interest rates in March, the disturbance of balance sheet shrinkage will definitely increase, and it will be a high probability event that the US dollar will continue to strengthen at a high level. At that time, the RMB and the property market will be exposed to the greatest risk exposure.
Gold technical aspect
Judging from the daily chart, the Bollinger Bands are flat and moving upward. Affected by the negative factors of the Federal Reserve minutes meeting announced in the early morning, the line fell from near the upper Bollinger Band to the middle line of the Bollinger Band. Attached is the D indicator. The green kinetic energy column crosses and runs above the axis, and the volume increases. From the picture, the Bollinger Bands are in an open state. The D indicator in the attached picture crosses and runs near the axis, and the green kinetic energy column begins to increase in volume. The technical indicator D diverges downward. It is recommended that the operation during the day be mainly low and high.
Resistance level:
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