Zhou Yiting:3.29Suggestions for evening operation of daily spot asphalt and copper

　　Zhou Yiting:3.29Suggestions for evening operation of daily spot asphalt and copper

Fundamental analysis

Oil price from2month11It has risen by over50%However,crude oilLong positions did not significantly increase, and the upward pressure on the oil market seems to come from traders cashing out short positions at an unprecedented speed.CFTCData shows that the liquidity of short positions has reached a record high in the past seven weeks. The bull side did not have a lot of funds entering, which questioned the ability of oil prices to continue to rise.

The content of Yellen's speech in the evening is not yet known, but after Yellen's Fed speech earlier, several other Fed officials made multiple hawkish remarks, offsetting the trend after his speech. If Yellen's speech tonight confirms his hawkish remarks, then the commodity market will resume its upward trend. Similarly, releasing hawkish rhetoric would clearly boost the US dollar, suppress non US currencies and crude oil, adding Zhou Yitingwei, Xinzyt433。

Analysis of Spot Asphalt Technology

Yesterday's decline in asphalt continued to lead to a negative daily trend, and prices have been under pressure for several consecutive days below the short-term moving average. Overall, Brin has closed down,MACDThe dead cross continued to increase volume and the green bar increased, especially after the US Composite Index closed negative. Asphalt failed to break out of the rebound trend, demonstrating the strength of bears.

4In the hourly chart, asphalt is maintained at a low level starting from early trading. We cannot see the release of rebound momentum or the resurgence of downward potential energy. The only thing that can be seen is that the moving average is under pressure above. It seems that only when asphalt prices fall below the Bollinger lower track can we clearly see the bearish trend. Follow Wei, Xinzyt433Zhou Yiting suggests using asphalt with high selling and low slag for today's operation.

Suggestions for evening operation of spot asphalt:

1.asphalt3320Short selling nearby Stop loss3360 Target View3250-3217

2.Below asphalt3210Go long Stop loss3180 Target View3270

Suggestions for spot copper operation:

1.Above copper price32380Short selling nearby Stop loss32580 target31700

2.Below copper price31580Going long nearby Stop loss31280 Target View32100

The above suggestions were made by the author. For more information, please feel free to add the author Wei and Xinzyt433Or add professional analysis groups339-369-738Mandatory verification code for entering the group789