- 50:
- 50
- 40:
- 40
- 30:
- 30
Last week, the U.S. election black swan detonated. In the following days, the market continued to evaluate the impact that new President Trump’s (Dm) new policies may have on the financial market. The market believes that if Trump fulfills his promise to increase public spending, set up Trade barriers will boost the long-term inflation outlook and increase the chances of the Federal Reserve raising interest rates. The U.S. dollar index soared % last week, reaching the mark, the largest weekly gain in nearly a year. Commodities priced in U.S. dollars were sold off, and crude oil was no exception.
In recent times, what investors in the oil market are most concerned about is naturally the statements of major oil-producing countries and the production limit agreement floating in the air. Although various oil-producing countries have different rhetoric, the actual data cannot deceive people. Several member states have applied for exemptions one after another, but they are obviously working non-stop to increase production. The latest monthly report showed that total monthly crude oil production increased by 10,000 barrels per day to 10,000 barrels per day, due to rising production in Nigeria, Libya and Iraq.
Technical Analysis of Crude Oil
Crude oil production has hit a new high, which is not good news for crude oil that is already under pressure. In addition, OPEC's production cuts are not optimistic, which makes crude oil continue to fall. So in the short term Operationally, the idea of rebound short selling remains unchanged, and the focus below is on the support of the US dollar. From the technical daily chart, the Bollinger Bands open downward, the MD green energy column in the attached picture increases, the indicator D three-line dead cross runs downward, and the short-term crude oil trend is biased towards the short side. From the four-hour chart, the Bollinger Bands open and expand. In the attached picture, the MD green energy column is increasing in volume, the fast and slow lines cross downwards, and the three lines of indicator D tend to be parallel. The operation advice of Jinshi Gold Master is that it is more stable to do long at low positions. Please contact the teacher for online guidance for details
Crude Oil Operation Suggestions
, It is recommended to go short nearby, stop loss., target. Near the US dollar
, It is recommended to be long nearby, stop loss., target. Near the US dollar
Silver technical analysis
Silver is also in the US election Under the influence of If it continues to fall below ., if the bottom daily line closes positive, the bottom can be confirmed. The daily positive line will basically form a bullish trade with the trend.
Silver operation suggestions
, Recommendation. Go long nearby, target. Nearby, stop loss. See if the position is broken. Nearby
, Recommendation. Go short nearby, target. Nearby, stop loss.