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/The Federal Reserve has decided to raise interest rates. Oil prices opened lower and moved higher, and the silver midline is bullish!
The hedging of the Fed's interest rate hike and the reduction agreement
Most member states expressed their willingness to make concessions for Iran's oil production. During the meeting, member states proposed that Iran limit crude oil production to 10,000 barrels per day. Iran has previously expressed its willingness to limit production to 10,000 barrels per day. Falih pointed out that the results of Friday's talks were gratifying and that an agreement on production restriction is expected to be reached in this month.
Federal Reserve Chairman Yellen said on Thursday that the Fed's monetary policy will not be affected by Trump's election as the next president of the United States and will raise interest rates relatively quickly. Fed Chair Rosengren said in his speech that the market expects the Fed to raise interest rates monthly. Interest rates are reasonable, and only particularly pessimistic news can prevent the Fed from raising interest rates this month. In this way, the probability of interest rate hikes has a certain meaning.
In terms of news, whether it is under pressure to raise interest rates or to reduce positions and increase, nothing changes. Data is a paper tiger. Waiting for opportunities is the key. Only by skillfully combining technical aspects can you be at ease.
Technical aspect
/ The Fed has decided to raise interest rates. Oil prices will open lower and move higher, and the silver midline is bullish!
On the weekly line, starting from the positive closing this week, the Bollinger Bands were flat, but the oil price broke the middle track of the Bollinger Bands and suppressed it. The upward trend line is obvious, the volume is weak, there is a downward bonding trend, and the head is turning. At the current weekly level, it is suppressed by the daily and daily moving averages, and we are currently focusing on the upper suppression point line.
/The Federal Reserve has decided to raise interest rates. Oil prices opened lower and moved higher, and the silver midline is bullish!
On the daily line, Friday's positive closing broke the trend of rising and falling from Wednesday to Thursday. A big positive light opened the daily upward trend, and the golden cross bulls appeared, going up, up. The daily line is basically expected to emerge from the inverted arc top shape. The trading time in the last week is expected to fluctuate upward. It will be difficult to say when the Fed raises interest rates. There will be daily level pressure.
Operation ideas
The current upward momentum is still very strong. After the delivery day, oil is expected to open lower and move higher next week. In terms of operation, we will continue to look at / as support.
Three Silvers
Fundamentals
/The Federal Reserve has decided to raise interest rates. Oil prices will open lower and higher, and the midline of silver will be bullish!
Weekly Position Report
As of the week of the month, silver long positions decreased by lots, short positions decreased by lots, and net long positions decreased by lots. From the perspective of positions, we can see the short sentiment in investment. At the same time, the surge in the US dollar will also strengthen the bearishness in investment. However, things will be different next week, so we need to be vigilant.
Technical aspect
/ The Fed has decided to raise interest rates. Oil prices will open lower and move higher, and the silver midline is bullish!
The weekly chart, the position I focus on, is also the position where I consider the layout of the midline. The top-bottom transition has always been a midpoint for me to judge the trend. If it does not break, I will try it again next week. After all, considering the Fed's interest rate hike, You can see the strength of the counter-drawing repair in a few trading days.