目前来看,在所有欧佩克和非欧佩克减产协议国中,伊朗和委内瑞拉的国内局势最为严峻。近期伊朗第二大城市马什哈德爆发有关“反对高物价”的是示威,并迅速向全国蔓延,规模达到自2009The largest since the beginning of the year, which reminds investors of1979The Iranian Revolution led to the paralysis of crude oil production in the country. To make matters worse, US President Trump has threatened to tear down the Iran nuclear agreement and may impose new economic sanctions on Iran, posing great uncertainty for Iran's crude oil exports. Although Venezuela is well aware that crude oil exports are the only lifeline and is striving to protect its oil reserves and energy assets, its crude oil production has inevitably suffered a serious blow. Venezuela's crude oil production was last year10Monthly drop below20010000 barrels/At the Japanese checkpoint, surpassing30年以来新低。如果伊朗或委内瑞拉被迫停止原油出口,将对油市供应产生巨大冲击。
【黄金周总结】
自上年十二月中旬开始,黄金就一路慢牛上涨,直到本周盘创出的1325美元新高才有所止步,虽然非农时的市场运行较为反复,但金价还是维持住了四周连涨,同时周线方面录得了四连阳排列。眼下我们要明确的是,十二月金价的乐观表现,积极上行构筑了极强的底部与买盘支撑,一月份在实物金需求增加带动下会更有更好的表现,因此1325周内高点指定不是短期内高点,往上延伸即可看至1330Above the US dollar.
承压中回撤,收稳在高位,短期内1325高点压制有效,短周期指标出现的回撤迹象让我们不得不重视其寻求1315as well as1313区间内支撑的可能。由于本周中确立了1305二次起涨点位置,因此较大幅度的回撤区间是看不大,所以下周初盘我认为黄金会先行小幅回撤修正,之后企稳再行创高,交易自维持先空后多的思路展开即可。