Li Yushan:4.10Interpretation of Gold and Crude Oil Information and Analysis of Market Trends

Although it may seem simple to buy up and buy down, many investors are still troubled by it, and even pay a painful price, with insiders watching the door and outsiders watching the excitement. Opportunities require us to search for them. When you see this article, opportunities are already given to you. It is inevitable that people will suffer setbacks and failures in their lives. The difference is the mentality when facing setbacks and failures. Some people always treat setbacks as failures, so they can deeply undermine the courage to win each time. The key to investment is to walk on the right path, with the right direction. There is no stable market environment for "sailing smoothly". What is the purpose of investment? Make money! In this market, having a clear mind is more important than having a smart mind, and having good habits is more practical than having skilled skills. Resilience is what lasts, reality is what lasts, and doing anything is like that.
　　
The current urgent word runs through everything, eager to get rich, eager to start a career, unable to see people eating meat and drinking soup on their own, yet unaware that there is blood and sweat behind eating meat. When there is an empty position, there is an urgent need to enter the market, when there is a loss, there is an urgent need to escape, and when there is a surplus, there is an urgent need to put the bag down for safety. However, all of these anxieties cannot bring any benefits. More importantly, there is an urgent need to move towards destruction and become a big tree, and there is no time to consider the hardness of the inner essence. If a knife is cut, it will break. Waiting in a transaction is easy to fail, but being anxious can lead to losses. Failing is always safer than losing. Time, in its unique and harsh way, gradually broadens people's understanding that no matter how they are treated by the market, they still have to promise themselves that there will be a sun tomorrow.
　　
Yesterday evening, the Federal Reserve announced a series of latest measures to provide up to2.3Trillion dollars in additional aid, including the launch of programs aimed at assisting small and medium-sized enterprises as well as state and local governments.
　　
At the same time, Federal Reserve Chairman Powell mentioned in his speech that as long as there is demand, the Federal Reserve can continue to provide support for the economy and continue to demonstrate its willingness to release unlimited amounts of water for the sake of the economy.
　　
To what extent can water be released infinitely? In order to provide more liquidity, the Federal Reserve has started purchasing junk bonds - the Federal Reserve Corporate Bond Facility will be includedBBGrade bonds. This is really draining without leaving any room for effort
　　
Affected by this, the liquidity of the US dollar has greatly improved, leading to a decline in the US dollar99.8Important support in the early stage, currently in the early stage99.3Get support nearby. Under the support of the back, it is possible to perform a re stepping test99.8After all, it is still the current epidemic situation, and cash dollars are still important. After oversold, the future may face a rebound.
　　
Last trading day Thursday(4month10day)International SpotgoldThe London gold stopped and retreated, rebounding significantly and closing positive. On the trend; The gold price opened from the Asian market1645.31dollar/Ounces, which saw a slight decline, recorded an intraday low1643.34dollar/Ounces, later due to exposure tocrude oilDriven by a rebound and supported by technical buying, the performance has stopped falling with a narrow upward trend. Also, in the early morning2The announcement by the Federal Reserve has also had a positive impact on its gold price, ensuring that gold will continue to maintain its resilience.
　　
At the beginning of the European market, due to some central banks indicating sufficient market liquidity, gold began to rebound and strengthen, breaking through1660In addition, with the follow-up of technical buying and the significant increase in US crude oil, the price of gold continued to rebound.
　　
Then to the late trading period; The Big Three in the United Statesstock market indexfuturesContinuously declining, with data showing that the United States4month4Number of initial claims for unemployment benefits in the current week(ten thousand people)publish660.6The US dollar index remained stable at the previous level and significantly exceeded expectations, thus generating significant positive news. Finally, after the Federal Reserve announced large-scale stimulus measures to address the economic losses caused by the coronavirus, the US dollar index hit a near week low99.35Gold prices skyrocketed over2%, up to1690.13The US dollar has reached its highest level in a month. Final increase in revenue1683.20dollar/ounce.
　　
Actually, the market is declining1703reach1450At present, it has not broken a new high, so we can only say that we have taken a roller coaster ride, but the market fluctuates back and forth in different times20The magnitude of the US dollar can be seen as fluctuations in the usual week, which only occur during the pandemic. This trend has occurred during the European debt crisis, but it has not been long-lasting. After all, there has been a sustained buying gap, and the same is true for this time. The widening of the economic and commercial market spread and the liquidity spread have shown that the level of capital participation is not high. Yesterday, with the help of the market close, they began to sneak in again, but still have not broken the key position1694Position, still rising and falling. Since the market is already within the expected range, we can participate at the designated time instead of chasing the trend. Let's take a look now1694reach1705The region is expected to form a double roof, with technical weaknesses below it and strengths above it1720The extreme position, which means there is no room for upward momentum, can be ignored without considering the era of next week's air raid display layout, once again200The decline of the US dollar is more aggressive than last time, and it has fallen below1450Inevitably filling the gap in the early stage1305and1250Location.
　　
Of course, the larger direction is like this, and you can also see the smaller direction. Every time a high point appears without hesitation, the empty space can be easily obtained15The decline of the US dollar is characterized by a high level horizontal fluctuation, and a combination of long and short periods results in substantial profits. And not in the1700Going to chase the wind and rise nearby, you may need various reasons for the rise, but there is no need for a decline. Just one rapid rise is necessary7In the year, if the rebound is in place, it can lead to a sharp decline.
　　
Last night, after a long journey7After an hour of marathon negotiations,OPEC+The emergency meeting of oil producing countries finally announced the draft of a new production reduction agreement on Thursday.
　　
This is described as the "only hope for saving oil prices"OPEC+The online video conference of oil producing countries announced after the close of trading on Thursday that all oil producing countries have reached an agreement, starting from2020year5month1The first round of production reduction will be carried out for two months starting from the date of [insert date], with a reduction amount of [insert amount]100010000 barrels/Day; since2020year7Reduce production from the beginning of the month80010000 barrels/Solstice12Month; since2021year1Reduce production from the beginning of the month60010000 barrels/Solstice2022year4Month.
　　
As for theOPEC+The share of production reduction in some important member countries,OPEC+The draft production reduction agreement provides a detailed explanation: Russia and Saudi Arabia will5-6Monthly production reduction25010000 barrels/Day; Iraq will5-6Monthly production reduction10610000 barrels/Day; The United Arab Emirates will5-6Monthly production reduction7210000 barrels/Day; Kuwait will5-6Monthly production reduction6410000 barrels/Day; Kazakhstan and Nigeria will5-6Monthly production reduction of approximately4010000 barrels/Day.
　　
The discrepancy between the information before and after indicates that firstly, the negotiation did not go as smoothly as expected, indicating thatOPECDifferences still exist between countries and other oil producing countries, including Russia. Secondly, the market still has a question mark on whether such a reduction in production will be effective.
　　
Don't stir up your restless heart due to the mundane market situation. Don't be impatient and blind. Daily operations are not forced, but rather follow the trend. Teacher Yushan once again reminds everyone not to build positions for the sake of profit, but to layout for profit! Learn to observe and take a short break. Trading every day not only increases the probability of investment errors, but also increases transaction costs due to frequent trading. Watching and taking a break can help us analyze and judge the direction of market development more calmly. When there is a lack of confidence in market trends, one should also sit on the sidelines and observe, understanding that intraday market trends are constantly changing! Patience, waiting for the opportunity to re-enter the market. As the saying goes: do more and make more mistakes, rather miss out than make mistakes. Opportunities are always present, and to seize them, one needs a pair of bright eyes instead of waiting quietly for an empty opportunity.