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Jiashu Watching the Market

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10.20Early review: The negotiation deadline for the stimulus plan is high, and crude oil continues to fluctuate!

already existing 286 Secondary Reading2020-10-20 10:37 |Personal classification:gold

Without risk, we can't call it a career, but it's important to know where there are risks, and leave a way for ourselves.

Today is10.20Hello, I am Jiashu. Today, I plan to adjust my work content. For many years, I mainly focused on articles and live streaming, which is not very friendly to everyone. The articles are not intuitive enough, and sometimes the text combination is not good enough, which can lead to ambiguity. Live streaming is intuitive enough, but sometimes it is limited, and many people don't have time to watch or forget to watch it. Watching the replay again is different from the current market situation, So starting from today, the article will adopt a composite situation. One article will include gold, crude oil, and foreign exchange, refining as much as possible, expressing my central idea more directly, and recording more small videos for deconstruction. The time is short, it looks convenient, and it is also more intuitive! If you have any good feedback, you can also give it to me!

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gold

Fundamentals:

The current market is still most concerned about the negotiation process of the stimulus bill. Speaker of the United States House of Representatives Pelosi told the party group that negotiators are still working to reach an aid agreement, and she requested the working group chairman to work hard to mediate differences. The assistant stated that Pelosi and Nuchin narrowed their differences during the conversation. Pelosi still hopes to "clarify" whether the pre election stimulus bill is possible before the end of Tuesday. Why is Tuesday the deadline for negotiations? Because Finance Minister Nuchin will go to the Middle East later this week, and Pelosi only wants to negotiate with Nuchin, so Tuesday is the deadline for negotiations!

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Yellen stated that the savings of unemployed people are running out, and state and local governments are facing huge budget gaps. Fiscal policy needs to play a positive role in the future and special financial support needs to continue to be provided. We can bear more debt than previously thought, and we expect the Federal Reserve to provide more guidance on asset purchases. (Long time no see Grandma Yellen, Shentu Town Building!)



Technical aspect:

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The gold half hour line shows that the overall trend of gold is still fluctuating, and the suppression and support of the daily trend line still exist. Moreover, I cannot see the direction of gold's breakthrough in the future market yet, so I can only look for some operational opportunities in the short cycle. From the graph, it can be seen that the overnight high test of gold's downward trend line failed, with the highest rising to1918Starting to decline after the first line, continuing to decline after today's opening, minimum test1900Integer level, at1900Get out of the double bottom,5The minute level has a bullish bottom deviation pattern established,15The minute fast slow line is already golden,30The minute fast slow line approaches the golden cross, seemingly gold in the1900The checkpoint has already bottomed out, but15The minute fast slow line diverges slowly after the golden cross,5There is a high possibility of multiple deviations in minutes, so it is recommended to wait for the short term in the day5After the minute level deviation is established,30Minute Golden Fork enters and goes long!

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crude oil

Fundamentals:

OPEC held another meeting yesterday, OPEC+The Joint Ministerial Supervisory Committee Joint Statement states that countries are2020year9Monthly compensation has reduced production24.910000 barrels/To make up for previous overproduction. The Committee reiterates the commitment of all participating countries to12Complete the compensation and production reduction plan before the month. OPEC cartel members 9The implementation rate of production reduction in the month is102%Yes5The highest level since the beginning of the month. The next meetings of the Joint Technical Committee and the Joint Ministerial Supervisory Committee are scheduled to be held separately11month16Rihe11month17Day.

The Joint Ministerial Supervisory Committee pointed out that crude oil inventory levels continue to decline. There will be more uncertainty in the winter oil market, but the current oil prices are in line with the current situation. At the meeting, the Saudi Energy Minister expressed his intention to crack down on short positions and said that speculation has no place in the crude oil market. I am so scared

Technical aspect:
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The hourly chart of crude oil shows that crude oil has also maintained range fluctuations recently, with the downward trend line and double peaks of the daily line being suppressed above41.5Double compression, lower support39And double bottoms36.5, of which39It is the recent bullish or bearish reversal point of crude oil (with a focus on it) that requires our attention. So, like gold, crude oil is also looking at the short term. Crude oil opened short and opened high today, and then fell to cover the short window. Currently, crude oil has no bullish or bearish behavior at all levels, so it is very complicated to do. There is no confidence in holding positions in any direction, so we can only rely on suppression and support operations. Suggestions for intraday operations, Waiting for crude oil testing41.2After the first line suppression fails, you can enter the market to short and perform a pullback test39Unbreakable support allows players to enter and go long!

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Europe and America

Fundamentals:

Lagarde stated that discussions should be held on making the recovery fund a permanent tool. According to the assessment, we have already saved the euro area100Ten thousand job positions. In addition, Vice President of the European Central Bank, James Jindos, stated that recent data shows that the economic recovery has lost momentum.

On Monday morning, it was reported that British lawmakers were preparing to amend controversial provisions in Prime Minister Johnson's internal market bill. Vice Chairman of the European Commission, Sergeovich, stated in the evening that the joint committee responsible for implementing and implementing the Brexit agreement between the EU and the UK would be11The meeting will be held again in mid month. However, Goff, the Chief Executive of the Cabinet of the United Kingdom, said that as far as the current situation is concerned, no agreement will be reached before the end of the transition period.

Technical aspect:

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Europe and America hour chart, Europe and America can continue our approach last week. Last week, I pointed out that Europe and America are testing to break out new lows1.17After the first line of support, there will be a rebound. As can be seen in the figure, my expectations are very accurate. The upward trend in Europe and America is4The first wave of rebound at the hourly level also had a limited increase. At present, the bottom deviation rebound of the European and American hourly line has basically ended, and the fast slow line is0Above the axis, there is a dead cross, and Europe and the United States are currently maintaining high volatility. It is expected that the market will break away from the top after the hour line, and there may be another high point. It is currently in the early stages of the market, and accurate judgments cannot be made. Please continue to pay attention to subsequent articles or videos to unwind. There are no specific operational suggestions for the day. If you are trading long in Europe and the United States according to last week's analysis, you can reduce your position or move up the stop loss to protect profits!

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This article is exclusively written by Jiashu. Investment carries risks and caution is required when entering the market. It is recommended for reference only!
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