Yue Ying Talks about Gold:1.12Late evaluation, crude oil remained stable after a sharp rise, while silver remained bullish

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---2017Will oil and gas investment soar this year? The impact on production far exceeds market expectations
It should be noted that,2017The expected surge in investment scale (for oil equivalents) in this year is not a direct causal relationship with oil prices. In the oil and gas capital market, the most direct factor affecting investment scale is the internal rate of return corresponding to the actual project, and oil and gas prices themselves are only an indicator for calculating internal rate of return. At the same level of oil prices, for the same project2015In the year, it may be a loss, but in the2017It is possible to achieve a relatively good return rate annually, mainly due to the rapid improvement of capital efficiency.
From a global perspective, the shale oil and gas companies in the United States undoubtedly have the fastest improvement in capital efficiency. Simply looking at wellhead costs, compared to the period of high oil prices70-80dollar/The bucket has dropped by half; From the perspective of capital efficiency, although the total investment amount has decreased, the improvement of capital efficiency can stimulate the same or even more output with less capital investment. Therefore, in this situation, the impact of oil prices on production is more likely to exceed the market's expectations based on past experience.


---Tracking technology-crude oilMarket analysis


After a sharp rise the next day, crude oil rebounded after a slight decline at the opening today. In the four hour trend, Bollinger showed signs of contraction,MA5AndMA10Turn up the golden cross,kThe line breaks through the middle track of the Bollinger Belt, and the upper part is affected by30Daily moving average suppression, below yesterday50.7Shockwave, long short game, ultimately rebounding, with strong support at this position,MACDThe red energy column of the indicator is relatively high, and the indicator is relatively neutral and strong; On an hourly trend, oil prices are currently rebounding, and the upper sector is affected by120Daily moving average suppression,MACDThe red energy column of the indicator has weak trading volume and insufficient bull momentum. Overall, the hourly rate is weak and the support is shifting downwards. The reduction in production and inventory is still a pain for oil price bulls. The pattern is also unfavorable for a rapid rise in the short term, and there is still a significant possibility of crude oil falling within the day. Pay attention to the pressure level above52.8In terms of operation, it is recommended to rebound and short.
---Evening trading strategy:
　　1Above53.2Short nearby, stop loss0.4, Objective51.8；
　　2Below51.5Long nearby, stop loss0.4, Objective52.0。


---Tracking technology-Analysis of Silver Market


The trend of silver is still good, fluctuating upwards and breaking through the previous high point. In the four hour trend, silver shows a stepped upward trend, with the opening of the Bollinger Bands,MA5AndMA10Crossing the golden cross, the moving average below diverges upwards, forming a multi headed arrangement,MACDThe red energy column of the indicator is high, indicating a strong performance; On an hourly trend,kStanding firmly above each moving average, the moving average below is arranged in a bullish pattern, with strong bullish positions. Overall, spot silver is also perfect at the hourly lineVThe bottom of the model has reversed, and after a dip in the US market last night, it has stopped directly16.5Near the US dollar, it also began to turn upward and eventually refreshed yesterday's high point in the early morning16.7If you can't fall on the first line, let's take a look at it in the evening first16.7Frontline defense, further investigation16.5The upper part has already broken through the Bollinger Bands and is currently under no pressure. It is recommended to focus on low altitude operations and supplement high altitude operations.
---Evening trading strategy:
　　1Breakthrough from above17.0Keep chasing more, see17.2；
　　17.0Stop loss without breaking short0.2USD, target16.7；
　　2Below16.6Long nearby, stop loss0.2USD, target16.8。
　
The recent market trends have been particularly similar, with the volatility of the Asian and European markets, the outbreak of the US market, and the significant fluctuations in the market as of early morning. If you can grasp such profits, it is not in vain to stay up late. However, if you stay up late and still get orders or stop losses, you need to reflect carefully. The spot market is like this, staying up late to make orders is not satisfactory and can harm your health. Therefore, my recent guidance focus is also on stocks and tea! Yesterday's market trend believed that many chasing gains and selling losses have fallen into the abyss. Today's currency meeting and big shots have a lot of data, which is a good opportunity for friends with orders to get out. The above analysis has also looked forward to it. If you are still unsure about getting out, you can find me, but please bring your sincerity and confidence!
　

Success is a hero, defeat is a hero, it is more meaningful than wasting one's life in mediocrity. Sometimes, success or failure lies in daring not to do it or not to do it.

This article is written by Yue Yinghua Jin (Wei)/IM-01210212）Exclusive planning by the analyst team, please indicate the source when reprinting. The above content For reference. Investment carries risks and caution is required when entering the market. If the operation of setting and locking a single is not ideal, please communicate with yourself.