Fang Yuan said Jin:9.1Gold retreat1700Gate, trend analysis and operational strategies

   技术面看空信号进一步增强，金价后市偏向震荡试探7Monthly low point1680Support near the gate.

　　本交易日重点关注美国8monthISMmanufacturingPMIData and changes in the number of initial claims for unemployment benefits in the United States, pay attention to the speech of Atlanta Fed Chairman Bostick, and keep an eye on geopolitical news.

　　日线级别：震荡下跌；MACDDead fork,KDJ向下发散，均线空头排列，布林线初步开口，空头占据明显上风，后市偏向沿布林线下轨向下运行，初步支撑在1700关口附近，然后是7month20Daily low point1692.35Nearby, strongly supported7month21Daily low point1680.79Nearby,2021Annual low point1676.91位置也可以参考，然后是2020year6month5Daily low point1670.98Nearby support.

   Since the Russia-Ukraine conflict, the sharp fluctuations in prices have made hedge funds and investors feel uneasy. They choose to reduce trading, but this in turn has led to greater volatility in the oil market, as seen on Tuesday.

Global commodity brokersMarexGlobal Head of Basic ResearchGeorgi SlavovIn most important regions of the world, the consumption of petroleum products does not meet expectations. At the same time, the supply volume along the entire supply chain continues to increase, leading to the current weak oil prices.


crude oilThe recent trend of prices is quite uncertain and the direction is not very clear. Last week's rebound broke through important resistance, but this week, due to the influence of fundamentals, prices have once again broken through90The US dollar has fallen back to near its low point. At the daily level, the Bollinger Bands are flat, causing prices to rise and fall. The consecutive two day bearish candlestick has brought prices back below the Bollinger Bands, causing them to weaken again. Currently, it is not yet time to bottom out.4At the hour, the Bollinger Bands opened downwards, and the price was sideways near the lower track. Although the US stock market surged one wave yesterday, it quickly gave up the gains, and the price trend was still slightly weak. The intraday operation was mainly focused on rebounding at high levels, while the upper focus was on the high point of yesterday's US stock market rebound, that is91.5Resistance near the US dollar.


Operational strategy:



　　gold: Bounce1710Short nearby, stop loss1722, Objective1680。



　　原油：反弹90.5Short nearby, stop loss91.7, Objective87。