Wang Ba Jin Dynasty: Gold1969Opened short and fell as expected, crude oil37.00Shorter!

Tips: 16:00 IEAMonthly announcementcrude oilMarket report; 20:30 U.S.A9Monthly New York Fed Manufacturing Index;20:30 U.S.A8Monthly Import Price Index Monthly Rate

goldprompt1969Regional dry short, falling as scheduled to196Regional harvest profits. It's the season of gold, silver, and ten harvests again!


Currently, the US dollar is weakening, while gold is bottoming out and rebounding1970Region. The gold market is waiting for the Federal Reserve's interest rate decision. Although the market believes that the Federal Reserve will not change its current monetary policy, there is a strong expectation of rising inflation. In a situation where interest rates are already very low, a rise in inflation means a further decrease in real interest rates, which is beneficial for gold. It is also the main factor that drove up and surged within the day!

From the hourly chart, gold appears to have an upward opening on the Bollinger Line, located in an upward channel,kThe line runs above the middle track of the Bollinger Line, but is suppressed by the Bollinger Line track1970Area,1970It is also the position of the front high resistance. The golden hour level is supported by1960,4Hour level support is located at1950Regional, from the current trend, gold tends to be bullish, with emptiness as a supplement.


Gold European Strategy:1970Participate in empty positions and stop loss defense1976(Breaking damage) target1960,1950.
gold1950More regional participation, stop loss1944, Objective1950-1960.


In terms of crude oil, although Tropical Storm Sali in the Gulf of Mexico forced oil companies to stop production, widespread concerns about oversupply and declining fuel demand have suppressed the rise of crude oil.OPECWill be on9month17A meeting will be held on the day to discuss whether to comply with the regulations of significantly reducing production. However, analysts do not expect further production cuts. As COVID-19 continues, the crude oil market is still oversupply. According to reports, trading companies have once again leased oil tankers under long-term contracts to store excess crude oil. In addition, the blockade of Libya's oil export terminals may soon come to an end. Overall, there is a risk of further decline in crude oil.


The fluctuation of crude oil during the day was not significant and continued to remain at37.50Regional oscillation operation, daily closing crossK. From the daily chart, it can be seen that multiple consecutive trading days37There may be signs of bottoming out as the upper movement fluctuates. However, the current news is bearish, with crude oil mainly participating in short-term trading, with bearish trading and bullish trading strategies.


Crude Oil European Strategy:37.00Multiple, stop loss36.40, Objective38.00
38.00Regional opening, stop loss38.50, Objective37.20


Disclaimer: The above are purely personal opinions and do not constitute investment admission suggestions. Trading is risky and one is responsible for their own profits and losses 。


In this article, Wang Ba Jin Dynasty (micro:jdsbj9）Yes.