EFS-The terrifying decline in crude oil, can it usher in vitality within the day

　　crude oilMonthly renewal and overnightEIAIt is deeply regrettable that the inventory data did not prompt a rebound in oil prices, as I forgot to read it last nightEIAInventory data, what a great short selling opportunity200The point was inadvertently missed. stay43If there is a buying market nearby, it depends on whether the buying force is strong or not, and whether a decent overall attack can be launched. Although the price has been falling for so long42The nearby prices are still in the middle of the drama, and there is a possibility of continuing to decline without a rebound. In the short term, observe the trend line. If the test continues to fail, you can still short. In theory, there will be new lows. If the long team enters and breaks through the downward trend line, you can wait for confirmation and then go long. No matter how short it is, the market always leaves opportunities for those who are prepared.  

Specific technical analysis:

S&P500 4Hour chart

In Tuesday's analysis, it was suggested that there may be a bearish pattern in the S&P, focusing on2456Nearby percentage141.4ofgoldExpanding location, priced at%127.2And percent141.4Between stagflation and decline, the empty order prompted by this is very perfect. Short term prices2430Obtaining buying support nearby, it also happens to fill the gap position of the previous high jump, and short orders can reduce their positions and leave the market. Observe the price at2430If there is a stabilization signal in the vicinity, it indicates the end of the adjustment.

  

Spot gold4Hour chart

Gold remained in a narrow range during the previous trading day1247-1241Between, it is expected to fall to1232Nearby short orders stopped earning, but it seems that there is already buying in, and the upward momentum of gold in the early trading was very strong, breaking through in the short term1250。 Pay attention to the strength of gold's rebound and whether there is any depletion in the day, and it is not recommended to chase more into the market. Backtesting1245If there is no break signal, you can try to enter long.

Crude oil4Hour chart  

Crude oil recovery period andEIAThe inventory data did not provide an opportunity for a rebound and directly fell to the obvious buying area above the daily line42Nearby, observe the rebound in crude oil prices in this area during the day and test the trend line.

Copper4Hour chart

The trend of copper in the two trading days will maintain a good daily upward trend, breaking the trend, and there is a potential bearish pattern in the short term, with a focus on2.637Can there be a stagflation signal in the nearby area? If this signal appears, you can consider opening a position to short.

EFS Analyst: Zhang Yuanyuan