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Real-time market analysis of investment calls, market breakthroughs, professional investment solutions, and precise online order placing.
News analysis
The two countries met in Algiers on May 23 and announced a preliminary agreement to limit crude oil production. Since then, all parties have been paying attention to this issue. How the organization will implement this commitment. The group is seeking to reach an agreement before meeting in Vienna on October 1. Countries including Iran and Iraq are seeking special treatment, and oil prices have tumbled to levels last seen in mid-month amid doubts that coordinated production cuts can be successfully coordinated.
On Sunday, Russia said it was ready to freeze output at current levels and that an OPEC deal was inevitable. Subsequently, the media reported that Iraq would put forward three new proposals at this week's technical meeting, which undoubtedly gave crude oil investors a shot in the arm. Even Iran, which has always been tough, said it was likely to reach an agreement at the monthly meeting. However, I believe that although OPEC may reach some form of agreement to freeze production, the agreement may have little impact on the oil market, and the United States is still a hidden danger in the crude oil market. If OPEC really cuts or limits production, U.S. shale oil Businesses will definitely seize the opportunity to increase production in large quantities. At present, the entire crude oil market is in a state of gambling. The total number of long and short positions currently reaches a nine-year high, and the differences in the oil market seem to be increasing. However, according to relevant data, crude oil traders began to turn bullish on the trend of oil prices this week, for the first time in more than a week, and the number of crude oil call option contracts also reached a record level. Many institutions also still expect that OPEC is likely to reach an agreement to limit production on May and are bullish on short-term oil prices.
Crude oil market trend analysis
From the daily line, the Bollinger Bands are shrinking and running, and the parallel upward running lines after crossing the golden cross are also supported by this and rebounding. The red kinetic energy in the attached picture is increasing, and the fast and slow lines are moving upward. . The stochastic indicator is rising, and the indicator is strong. Looking at the hourly line, the Bollinger Bands are opening and running, and the line is running on the upper track of the Bollinger Bands. The fast and slow lines in the attached picture are bonded and then go up. The red energy column is increasing, and the three lines of the indicator tend to be parallel. Ye Xiying's overall view is that oil prices are at a pressure level on the upper track, and it is still recommended to be bullish in the market outlook. It is expected to hit a new high after the new high today. Don’t do short orders against the trend, but go long on callbacks!
U.S. crude oil operation suggestions
It is recommended to go long near the market, stop loss, and target nearby
Go high and chase long, stop loss, and chase long after breaking the position
Silver technical analysis
/>The hourly chart of spot silver shows that it gradually pulled back after being supported by the support level in the early morning. After breaking through the middle rail of the Bollinger Bands, it stepped back again to confirm that the middle rail support completed the top-to-bottom transition, and then continued to rise. However, the Bollinger Bands showed signs of closing. At the same time, The red paper of indicator kinetic energy has shrunk, and the upward trend of the fast and slow lines has weakened, indicating that the current bull momentum is insufficient, and it has fallen back in the evening. Affected by the news, the trend is still bearish, but the short trend caused by interest rate hikes is beneficial to short-term risks, and the market may be in The Federal Reserve remains cautious before the announcement of the interest rate decision. The market may consolidate at a low level in the medium and long term. The current fundamentals are bearish, but the price of silver has fallen significantly. The expectation of interest rate hikes has been basically digested by the market. The market may remain low and fluctuate until the rate increases. The interest rate has ended, and recent operations have been mainly short-term, selling high and buying low. Ye Xiying suggested focusing on the upper resistance level and mainly short selling.
Silver operation suggestions
It is recommended to go long near the US dollar, with the target looking towards the US dollar, and stop loss at the US dollar
It is recommended to go short near the US dollar, with the target looking below the US dollar, and the stop loss above the US dollar.
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