Zhiliang Finance:5.31Gold prices skyrocket, oil prices plummet What should we do in the future
already existing 218 Secondary Reading2019-5-31 07:32
On Thursday, spot gold prices continued their upward trend from daily lows. The lowest gold price since1274.86USD, highest to1289.3USD. Against the backdrop of continued trade frictions between China and the United States, as well as a slowdown in the European economy, the US bond yield curve has inverted, and the expectation of the Federal Reserve cutting interest rates next year has significantly increased, which provides support for gold prices. Gold broke free from the resistance brought by the strengthening US dollar on Thursday and hit a nearly two-week high.[align=center] [/align]
Currently, the intensifying trade disputes will increase the uncertainty of the US economy. The gold trend is expected to stabilize and rise in the coming months. So we can maintain the long-term bullish outlook unchanged. And gold needs to start an upward trend1290-1295The pressure in the range must be broken through before it can be done. In short-term operations, we can rely on the pressure above to see a wave of pullback, and pay attention to it below1293-1285Frontline support. The market is constantly changing, and the specific strategy is subject to real-time guidance during the session.
EIAAccording to the published data, as of5month24The decrease in commercial crude oil inventory in the United States during the current week, excluding strategic reserves28.210000 barrels to4.765100 million barrels, decrease0.1%Last week, domestic crude oil production in the United States increased1010000 barrels to123010000 barrels/Day; The decrease in inventory was less than expected, and after the data was released, crude oil fell under pressure and fell daily2.4USD, down by4.08%Refresh intraday low to56.33。
EIAdata+The dual negative effects of trade tensions have caused oil prices to hit a new low in over two months. CurrentlyOPECThe reduction in production and US sanctions against Iran and Venezuela have become the main factors supporting oil prices. At the same time, after each sharp decline in crude oil, there must be a rebound, which is about half of the decline. Therefore, in today's operation, we can first take a look at a wave of rebound, and pay attention to it above57.2-57.9First line pressure, following below56-56.4Frontline support, the market is constantly changing, and specific strategies are subject to real-time guidance during the session.
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