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Asphalt continued to extend losses on Tuesday after testing first-line support on Monday. Asphalt has broken through the barrier and is now consolidating near the opening after opening slightly lower. As always, the Asian and European market asphalt maintains slow fluctuations. The market's focus is all on inventory data in the evening. Because last week's numerical deviation was too large, this week's market expectation is. According to the values released in the morning, the probability and year-on-year performance of negative news in the evening are relatively large, which will continue to put pressure on asphalt prices. If you always make less and lose more, or even suffer serious losses and are trapped in a trap and have no time to read the market, and you are not good at analyzing the market, then joining Li Wanxiwei's letter group will be your best choice.
However, the morning gap and low opening have released all the short-selling power yesterday. The price of the current line is too far away from the upper moving average and it will pull back directly, which is against the trading rules of the market. Therefore, the asphalt must use the gravity of the moving average to pull up to reserve space.
Therefore, the evening market trend must first cover the position of the morning jump gap, that is, the position, and then use the bad market to directly test the Bollinger mid-track support. Whether asphalt prices can break through the support of the Bollinger Band depends entirely on the value. In the author's opinion, there will not be such a strong counterattack in the evening to confirm that the pressure on the daily and daily moving averages is imperative. If you are still losing money
Gold continued to hover around the U.S. dollar/ounce in early Asian trading on Wednesday (July 2). After the intraday high, it fell back and maintained a volatile trend during the European trading period. There will be a wave of consolidation in the short term. Recently, due to the increase in physical demand for gold before the Lunar New Year in India, China's gold demand is also expected to recover from the previous downturn, which is expected to support gold prices.
Trading Ideas At the hourly level, the price of gold has weakened slightly due to the strong previous rise. The price of gold is now oscillating on the front line and starting to consolidate. The market D shows signs of turning downward. Judging from the spot gold minute trend chart, the intraday gold price began to decline during the European trading session and there were signs of a pullback as bulls rushed higher. The lower track of the Bollinger Bands currently turns downward, but the overall expanded opening line of the third track fell below the upper track and was suppressed by the resistance of the US dollar. The price of gold will maintain a volatile trend during the evening U.S. trading session. From the D indicator, the fast and slow lines are rising above the axis and the golden cross is rising. The red kinetic energy is showing signs of shrinking. The D indicator shows that the three lines are extending downward as a whole and showing a converging trend. The market may enter the short position. In the evening, the U.S. gold price paid attention to the support of the U.S. dollar. According to the current trend, the price of gold is more likely to maintain a volatile decline. In the evening, attention will be paid to the data from the United States, which will guide caution and gold prices will rise and fall back to short positions on rallies.
The profit plan is to go long near the US dollar. The short-term target is near the US dollar. The mid-term target is near the US dollar and the stop loss is below the US dollar.
The profit plan is to short the US dollar with a short position and the stop loss US dollar target is near the US dollar.