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Monday (Monday) During the European market, risk sentiment increased before the announcement of the decision by the Bank of Japan and the United States. Asian stock markets reached a monthly high, and gold continued to expand its losses on Monday.
Gold remained sluggish after consecutive weekly losses, falling .% to . Silver fell about .% last week and is currently down .% to .
Gold fell .%, while palladium fell back after consecutive weekly gains, falling .% to a new high in nearly a month on the previous trading day.
The market believes that Brexit is not as bad as expected, and the U.S. economic data is also good, so gold has fallen somewhat. The dovish tone of the Bank of Japan and the Federal Reserve may weaken, thus easing the pessimism in global financial markets.
Since the beginning of this period, as the excess of crude oil has returned to the market, the downward trend of oil prices has not stopped! However, traders have found business opportunities. As the price gap between U.S. and European crude oil continues to widen, coupled with falling shipping costs, traders are rushing to take action, hoping to take advantage of the possible short window of opportunity to ship crude oil to higher-priced markets.
The United States lifted a decades-old crude oil export ban last month, but since then, modest economic benefits and a global crude oil glut have limited opportunities to export U.S. crude. The premium to Brent crude oil futures this year has only briefly approached US dollars a barrel, while last year the spread hit a high of nearly US dollars a barrel.
Gold gold closed out the middle Yin line with upper and lower shadow lines last Friday. The price of gold hit its highest and lowest and dropped to... Gold prices fell again last Friday, and the resistance effect showed. The market outlook continues to be bearish, the target is still pointing to the first line, and the suppression effect of the daily moving average has also become obvious. Looking at the technical indicators on the daily chart, the green kinetic energy column is enlarged, the stochastic indicator is flattening the Bollinger Band, and the gold price is near the mid-track and the short-term moving average is downward. Gold prices were moderately lower in Asia on Monday. The resistance above gold is the initial support below. In terms of operation, be cautious and bearish.
Silver fell again last Friday, returning to below the support of ., confirming that the previous short-term secondary decline may still exist, and speculation of testing . again cannot be ruled out. If this trading day closes lower, the downside risk will be more certain. Looking at the technical indicators on the daily chart, the green kinetic energy column is enlarged, the stochastic indicator is downward in the Bollinger Band, and silver is above the middle track and the short-term moving average is downward.
From the current trend analysis of oil, the high point above is still moving downward. Although there is a certain rebound in the short term, the intensity is relatively weak, and the key pressure levels have not been effectively broken. Then it is inevitable for crude oil to break through and go down. It is only a matter of time. The worry of oversupply of oil prices is still a big negative factor, so today's operation is recommended to take advantage of the trend to rebound and go short, and just chase the short position if the position is broken. The top is followed by . and . continue to suppress, and the low position is broken to see the position. However, the recent short-term long-short conversion of crude oil trends has become more frequent. In operation, we should pay attention to risk control or stay on the sidelines, but the short trend remains unchanged.
Operation suggestions for Nan Nonferrous Silver
Bounce short, stop loss a few points, target, look for a break
Short long near the aggressive Asian and European trading period, stop loss a few points, target