Jin Huiyan: Weekly review: Oil prices rise after short-term decline, with a focus on the following areas50The support of the US dollar level

Jin Huiyan: Weekly review: Oil prices rise after short-term decline, with a focus on the following areas50The support of the US dollar level

International news surface

Saturday Beijing Time（10month22Day)01:00Announced US to10month21The total number of oil drilling in the current week is443Mouth, creating8A new high in the past month. Both the previous and predicted values are432Mouth, increased compared to last week11Mouth, this is the total number of consecutive drilling in the United States17The weekly record increased and reached the largest increase in two months. After the data was released, oil prices experienced a short-term decline and then rose.

crude oilquotations analysis

From the daily chart, oil prices have fallen again and closed negative after two consecutive positive days, and have now returned to the starting point of this week50.6Nearby. Under the impact of no major news, the bullish trend of crude oil in the past few days is difficult to sustain and will face further downward risks. Technically speaking, there are signs of contraction in the daily distribution line,MA5、MA10Adhesive operation, attached imageMACDIndicator in0The dead cross runs above the axis, and the green energy column begins to release energy. Over four hoursKThe line went down all the way and broke through the middle track of the Bollinger Belt,MA5、MA10Cross dead cross downlink, attached imageMACDThe green energy pillar of the indicator has a strong volume increase. Overall, Jin Hui believes that the current bears are once again occupying the main position, and there is a risk of another downward trend within the day. Therefore, it is necessary to focus on the following areas50Supported by the US dollar level, it is recommended to operate within a range. If it effectively breaks through the level50Pass, can be operated by chasing the air.

Crude oil operation suggestions

follow50.0The price has stopped falling and stabilized. Upper pressure level:51.3, Lower support position:49.8

Analysis of Silver Market

From a daily perspective, the increase in silver prices on Monday ended the recent volatile market trend of silver, but the rebound was relatively small, causing the silver price to break out of three consecutive positive trends but the increase was not significant0.3US dollars. The weak market is partly due to weak data and may also be due to yesterday's decision by the European Bank. From the perspective of the moving average, the bond between the five day and ten day moving averages continues to flatten, indicating that the short-term trend is still unclear and the probability of a volatile trend is high. frommacdIn terms of indicators, the fast and slow lines overlap and flatten, and the green momentum decreases and disappears. Overall, Jin Hui believes that in the recent flat market news, we should maintain range operations and focus on the previous high points to maintain0.3-0.4The US dollar can sell high and buy low.

Silver Operation Suggestions

Follow Below17.35-17.05US dollar pressure level, above attention17.6-17.85USD pressure level.

epilogue

I hope my article can bring you benefits and have a smooth sailing in your future investments. If you have any questions, you can consult with Teacher Jin Hui. I am not only a mentor, but also willing to be your close friend. If you want to learn more exciting information about precious metals such as crude oil, silver, and copper, you can consult the author.

writing/Jin Huiyan Communication WeChat qjinhh