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News review
Silver news:
Recent financial markets The majestic one is of course gold and then silver. Silver prices surged by more than % in early Asia-Pacific trading on Monday, breaking through the U.S. dollar per ounce. Gold rose by more than % and exceeded the U.S. dollar per ounce. The almost unanimous view is that the early rise in gold was due to political instability in Europe, especially the significant turmoil in the international financial market due to Brexit. Even though the market varieties that fell since then began to recover strongly, the precious metals gold and silver still continued to rise. Silver even reached the highest level on Friday. Up .%, this is silver’s largest single-day gain since this round of gains.
Crude oil news:
Oil prices were little changed in early trading in Asia on Monday (May 1). The market’s concerns over Brexit continued to subside. The U.S. market was closed due to the Independence Day holiday during the day, which also curbed the level of active trading in the oil market. Data released last week showed a decrease in U.S. crude oil inventories, which boosted oil prices. However, concerns about downward oil prices still exist and the market expects that oil prices will still fall during the year.
Personal analysis
Jin Lan believes that the price of silver has gone through a relatively obvious rise and fall today, and the amplitude is very large and the time is very fast. Judging from the current trend, silver prices need to continue to pull back, which is also a signal for shorts and an obvious manifestation of long selling. As for crude oil, concerns about the downward trend have invalidated the bullish U.S. crude oil inventories announced last week, and the market will continue to fluctuate in the near future.
Crude oil operation analysis
Looking at the daily chart, the Bollinger leveling wide shock line indicator stepped back on the lower rail support but did not break and rebounded. D indicator extended forward and the green column began to shrink. D turning head diverges upward. run. On the four-hour chart, the market has stabilized, and the Bollinger Middle Track indicator has turned upward and the D cross has gathered upward, with the trend of forming a golden cross. Comprehensive analysis predicts that due to market correction, Jin Lan recommends investors to focus on high positions.
Recommendations for non-ferrous silver
Recommendations. - Enter the stop loss target in batches for multiple orders - near the stop loss target.
Recommendation. - Enter the stop loss target for short orders in batches - near.