Year1
'International spot gold opened at .USD today (May 3). The overall trend of the Asian market fluctuated and fell. Yesterday, the daily line closed in the shape of a hammer with a long lower shadow and a low price. Today's trend will have a certain upward momentum. , so today we maintain the idea of going long first and then going short, paying attention to the support near $3 below and the pressure near $3 above, and operate in a bearish range.
' Fundamental analysis:
' The prospect of production freeze has been questioned, oversupply is lingering, and the pressure of high oil prices remains.
'The electronic trading price of U.S. crude oil futures closed down by .USD on Monday (Monday), or by .USD/barrel. Oil prices ended two consecutive days of gains as the market remains cautious about the rapid rise in production in the Middle East and is currently not optimistic that oil-producing countries will reach an agreement to freeze production at a meeting in Algeria next month. The price of Brent crude oil futures in electronic trading closed down by .3 USD/barrel.
'Last Friday (June), according to reports from local Houthi-affiliated media in Yemen, Yemen's Shia Houthi rebels had launched several missiles against Saudi Arabia's national oil company, aiming to destroy Saudi Arabia's national oil company. The company's oil facilities are located to its southwest. Affected by this news, oil prices rose in the short term.
'Baker Hughes data released at 0:00 a.m. Beijing time last Saturday (May 1) showed that after eight consecutive weeks of increases, the number of active drilling rigs in the United States remained unchanged this week. Although oil prices were temporarily supported by this, it was It failed to further boost oil prices higher. On the other hand, crude oil and natural gas traders are more concerned about the impact of tropical storms. They said that some tropical storms may develop into major hurricanes and affect the Gulf of Mexico, which will further reduce supply.
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