Fei Yifei: Gold's oscillation is about to break through1350Freeze production helps increase crude oil prices

　　
This Monday（8month15The news in Japan was lackluster,goldThere was no significant fluctuation, and the gold price continued to maintain a triangular fluctuation trend, with only a slight breakthrough on Monday1342The high point does not have a significant span, and the fluctuations throughout the day are only limited to8US dollars. The US dollar has slightly declined due to a decrease in expectations of the Federal Reserve raising interest rates this year. goldfuturesThe price closed higher, recovering some of the lost land from last week, but still below1350dollar/The key price range is ounces.
　　
Golden Tuesday(8month16day)Asian market slightly rose in the early morning session and hit an intraday high1346US dollars. Gold has continued to fluctuate in the past two weeks,1330-1357Forming interval consolidation, breaking through the dilemma of long and short positions, and forming a relatively obvious small triangular consolidation structure. The future market continues to be optimistic about the rise, and there is still a need to wait for breakthroughs in the medium and short term. Prior to this week's major economic data and events, there was limited news, weak market sentiment, and cautious investor trading. The focus on the prospect of the Federal Reserve raising interest rates continues to be hyped up by the market, and the US dollar remains volatile in the hype. Investors are focused on the Federal Reserve's announcement this week7Above the monthly meeting minutes.crude oilOn the one hand, the remarks of the Russian Energy Minister further sparked speculation in the market about frozen production. Although most analysts generally believe that the prospects for frozen production are still slim, oil prices still rise on the support of frozen production expectations3%, rose to a one month high. Tuesday Beijing Time16:30Investors will receive the first batch of official data that truly reflects the impact of Brexit, and the UK will release it7monthCPIData, this is the first data that can reflect the inflation situation in the UK after the Brexit referendum, so it needs to be monitored.
　　
The US Department of Labor will release a report on Tuesday7Monthly consumer price data, according to surveys, in the United States7monthCPIExpected monthly increase is zero, below6Monthly increase0.2%The annual increase is also expected to slow down, due to the decline in oil prices. The productivity data released last week showed sluggish inflationary pressure, which strengthened the expectation that the Federal Reserve was not in a hurry to raise interest rates. Fei Yifei Weixinfyfai8Analysis suggests that although the job market outlook is good, other economic indicators in the United States still lack momentum, such as last week's zero monthly retail sales growth rate, which is a worrying sign as consumption is the main driving force of US economic growth; We do not expect a significant depreciation of the US dollar, but we expect a rebound in the US dollar to be difficult to achieve until the Federal Reserve issues a clearer interest rate hike signal. Overall, in a negative interest rate environment, especially in the eurozone and Japan, there will be sustained buying interest in gold, despite the current strong performance of the stock market creating some resistance to the rise of gold. But currently, the previous rise in gold has also led to some profit taking, and the price of gold is1360dollar/Under pressure of less than ounces.
　　
In terms of spot gold, the daily chart showed a cross star closing line yesterday, while gold remained mostly stable on Monday1330-1345Narrow range oscillation, the market trend is difficult to move forward, and the top resistance is seen aboveMA10average1342-43Nearby, key support below to observe the track line in the channel1333Nearby, and at the same time, this support has been playing an extraordinary role since last week. Opening the weekly line, you can see that the point is located on the middle track of the weekly channelMA10The combination of moving averages provides strong support. From a technical perspective, the triangular region continues to converge, with indicatorsMACDThe green kinetic energy column slightly contracts, with a double line dead cross,KDJThe indicators are downward, but the medium-term risk is still upward. Looking again4Hour, attached imagestoThe indicators have been almost worn out, and the second resistance level is roughly the same1348Near the front line, it is also Fei Yifei Penguin Online2930-550-190The bullish high point of this round of golden cross rise will be followed by a dead cross decline, so short positions in the white market need to wait for opportunities to rise high. In terms of intraday market trends, the upper short-term focus is still on1348Nearby resistance situation, if it breaks through this point, the upper part may rebound again1350Nearby, while the bullish range below is1335-1330Between. Overall, it is recommended to maintain a range based operation first and not rush to chase up or sell down.
　　
Suggestions for spot gold operations:
　　
　　1Above1346-48Front line layout empty orders, stop loss4Point, look1338-36；
　　
　　2Below1333-35Long, stop loss4Points, target1343-45frontline;
　　
In terms of crude oil (Ninggui asphalt), the daily chart shows that the three consecutive bullish signs of crude oil asphalt have indeed increased significantly. Technically, oil prices continued the upward trend of last Friday yesterday and once again hit a new high, but the main trend has now approachedMA66Strong resistance, currently prices are still in a very obvious strong pattern, roughly positioned4460-80First line, and there was a slight lower opening today,MA5The moving average is also far from keeping up with the rising speed, so if there is a correction in the technical aspect, it is not small. Below the short-term price correction, focus on the four hour short-term cycle moving average that is currently showing a tangent trendMA5Moving average support4260-80Frontline, currently the market is still in Saudi Arabia's handsOPECmember state"Frozen production"Amidst the excitement of rumors, the trend of oil prices remains dominated by a bullish pattern, while the trading strategy of the official account Fei Yifei maintains a bearish and then bullish approach.
　　
Suggestions for partial operation of crude oil (Ninggui asphalt):
　　
　　1Above4450-70Short selling, stop loss4500Break through, target4350Nearby;
　　
　　2Below4300-20Long, stop loss50Point, look4380-4400frontline;
　　
　　(There are differences in pricing depending on the platform, please refer to Ninggui Asphalt for specific locations)
　　
Today's focus is on important financial data:
　　
　　16:30britain7monthCPIMonthly rate, UK7Monthly Retail Price Index Monthly Rate
　　
　　17:00Germany8monthZEWEconomic Sentiment Index
　　
　　17:00eurozone6Monthly adjusted trade account(100 million euros)Eurozone8monthZEWEconomic Sentiment Index
　　
　　20:30U.S.A7After adjusting the roseCPIMonthly rate, USA7Annualized total monthly construction of new homes, USA7Total monthly construction permits
　　
　　21:15U.S.A7Monthly industrial output rate
　　
The next day04:30From the United States to8month12Day and WeekAPICrude oil inventory(10000 barrels)
　　
Disclaimer: The above content was written by analyst Fei Yifei,The content of the article is for reference only. Investment carries risks,Investors operate with caution,At one's own risk!Please indicate the source for reprinting.