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On Tuesday (month), crude oil continued to decline and tested the bottom. After the first line, it formed a counter-drawing trend, rebounding as high as USD, close to the rebound range of the U.S. dollar
On Wednesday (month), crude oil struck, After the data was released, oil prices plummeted, and the closing price fell to .USD/
The protagonist on Thursday (Month) was undoubtedly natural gas. After the data was released, natural gas entered a crazy skyrocketing mode, directly rising by 1 point.
On Friday (monthly issue), after many consecutive days of decline, crude oil prices reversed strongly after the European market hit a new low in a month. It even broke through the hourly mid-range track. There are still signs of continued upward movement. .
Natural Gas Market Analysis
Natural gas ended in a unilateral rise last week, and the natural gas surge reached a point the day before yesterday. From the daily chart, last Friday closed positive, and the moving average system was in a state of upward divergence. The green energy column of the indicator in the attached picture weakened, and the fast and slow lines had a tendency to cross golden crosses. From the four-hour chart, the Bollinger Bands are downward and bearish. Still exists, the line is suppressed by the upper track and runs near the Bollinger Band upper track. The golden cross of the fast and slow line in the attached picture diverges upward, and the red energy column begins to increase. Overall, the bullish trend of natural gas has weakened. Jian'an believes that the main focus of the market outlook operation is Pullback, focus on the pressure level at the top. Pay attention to the support level below. After spot gold completed a short-term bottoming market last week, it then broke out of the bottoming market. Especially breaking through the front line in one fell swoop is really unexpected by the author. However, although gold has risen strongly, the price is still fluctuating within a wide range.
There will be non-agricultural data this week, so short-term basic operations should be within this range. However, based on the above views on the market outlook for gold, we still believe that gold still has room to rise, and that it will definitely break through the resistance and may not only reach it, but it may also be considered a continuation of the gold bull market.
Looking at the long-term, gold broke through successively last week and then showed a large rise. In the short-term, there was a temporary retracement nearby, but it still maintained its position in the short-term due to the fact that the current market risk aversion is still high. The thinking and attitude of low and long is bullish. Resistance can be seen in nearby locations. At least there won't be a big drop before the non-farm payroll data without any major surprises.
Individual Strategy Gold is still bullish in the short term today. Therefore, you can look for opportunities to do long before and after support and there is still a chance to reach the opportunity.
Investment changes life, and we change investment. We are still worried about not making money from investment, sad about cheating, and heartbroken about cutting meat. I just want to tell you that this is not investment. Systematic analysis of the market, Xiao Stop losses and gain big profits