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Natural Gas Technical Analysis and Forecast for Next Week
Natural gas, from the market perspective, daily The daily moving average crosses downwards, and the price is running near the upper Bollinger Band. The Bollinger Bandwidth has relatively obvious signs of expansion. The D fast and slow lines in the attached picture form a dead cross running downward, the green column energy continues to increase in volume, and the D three-line indicator continues In terms of the four-hour downward trend of the dead cross, the Bollinger opening is downward, the moving average system indicator is downward, D is downward, and the D three-line indicator forms a dead cross. Taken together, we pay attention to the following points during the day. First, when we place orders, we emphasize the trend issue. , following the trend, the second point is that the daily line has been negative for several consecutive days, which shows that the overall trend of natural gas is still biased toward the short side. The third point is to focus on the suppression and breakout situation above. The fourth point is what we emphasized during the trading process. It is the reason for the understanding, analysis and insight into the market. You must be flexible in thinking and seize opportunities to make steady money.
Market forecast for next week
This week there is an endless stream of bad news for oil prices. The main manifestation is that the two policies of freezing production and production reduction are still being discussed at the meeting. Russia issued a statement that reducing production is not the best route for Russia. , will only choose to freeze current oil production. This statement brings more uncertainty to whether the meeting can further reach production cuts and balance oil prices in the oil market. In addition, Iraq even made a bold statement saying that we will not sign the production freeze agreement and hope that the organizing committee will exclude it. Obviously this is impossible and is equally unfair to other oil-producing countries, resulting in Market sentiment intensified and oil prices continued to fall. Even if Saudi Arabia is very active in promoting the production freeze agreement, who knows who will be next? So it's easy to predict what's going to happen next week. Oil prices continue to fall. Of course the risks must be taken into consideration. There will be a meeting of oil-producing countries next month. Will oil prices hit the bottom or skyrocket? It depends on whether it will give the market and investors some hope.
Monday's market trend
Technically, oil prices are supported on the daily line, but blocked below and the daily line falls below the track. This position has been emphasized by me. If the price breaks below the level, the US dollar will be seen. The four-hour line seriously broke the lower rail position, and closed on the lower rail line with a positive line, which is somewhat similar to the daily chart, but encountered resistance below. Therefore, judging from the four-hour line, the probability of rebound is greater and it will touch the US dollar again. On the hourly chart, the support below continues to move downwards, and the market continues to fall. Generally speaking, oil prices will first continue to trend on Friday. After falling, they will rebound again to near the US dollar and continue to decline under pressure. However, if it breaks below the daily line during the first decline, it will continue to be bearish.
Silver trend layout for next week
The short trend in the silver market is obvious. If silver cannot rise, if it reaches the high level of the US dollar, just be resolutely short. This is the author's thinking this week. Silver will only be able to increase in volume if it breaks out of a new low or touches the bottom form of a low US dollar. After all, the general environment does not allow silver to rise sharply now. There is no need to use the U.S. dollar as a reference, the U.S. dollar will keep rising! Due to risk aversion, or a technical washout, silver has risen and fallen with the US dollar recently. Once risk appetite returns to normal, silver will return to its downward trend. From a technical point of view, yesterday's daily line came under pressure from the Bollinger Middle Track and closed the small negative line, and the silver price formed a double top at the high level of the US dollar. This means that the suppressive force above silver is very strong, and there is no possibility of silver rising higher in the short term. The forest belt has closed, and once it comes under pressure and closes the negative line, silver will increase in volume and move downward. The short-term minute line has a high double top, a D cross, and the market is bearish. However, we have not seen obvious momentum in the short-term period recently. Most of it takes time to digest, so investors still need a little patience. . Today's thinking remains unchanged, just go short at high levels.