news:
OPEC reached its first production cut agreement since 2008 last Wednesday, with Saudi Arabia taking on the majority of the production cut indicators. In addition, Russia also expressed its willingness to cooperate with production cuts, which is the first cooperation consensus reached between OPEC and Russia in 2015, and another non-OPEC oil-producing country, Azerbaijan, also expressed its willingness to hold production cuts talks. This Monday saw a crushing defeat in the Italian constitutional reform referendum. Although crude oil prices have a smaller impact due to the OPEC production cut agreement, compared with the failure of the Italian constitutional reform referendum, investors are more concerned about whether Italy will leave the EU and the non-OPEC oil-producing countries meeting on the weekend to discuss global production cuts. These two issues will be the most important focus in the next few days.
crude oil market analysis:
crude oil, affected by the re-fermentation of positive news and OPEC production cut sentiment, during the European session, crude oil broke through the triple top of and suppressed above , breaking through $52 while setting a new high in the year, and the bulls were strong. However, as exports of Iraq, the second largest oil producer in OPEC, rebounded, and crude oil production in , Nigeria, and Libya, also partially recovered, the bear power should not be underestimated. From the daily chart, the upper part was suppressed by the previous high point, and the market fell. Yesterday, a negative column with the long upper shadow line of was collected. MA5 began to turn around. From the hourly chart, MA5 crossed MA10 to form an dead cross . From the four-hour chart, MACD also formed a dead cross at a high level. Overall, I personally believe that today's crude oil is mainly shorted at a high level.
crude oil operation suggestions:
1. It is recommended to enter the short position at the first line of US$51.8-52.0, stop loss of US$0.3, first target of US$51, second target of US$50.5-50;
2. It is recommended to enter the long position at the lower level of US$50.2-50.4 below, stop loss of 0.4 points, target to look at the first line of US$51-51.8;
White Bank Analysis:
four-hour chart shows silver price fluctuating upward. Currently, the Bollinger Band three-track opening upward K-line indicator oscillates along the upper rail, the auxiliary indicator RSI three-line upward, and the MACD indicator forms a golden cross and red candle momentum near the zero axis. Yesterday, the results of the Italian referendum were released. Italy's constitutional amendment referendum failed. Prime Minister Renzi will resign. The price of silver rose slightly and then fell back. Silver failed to effectively break through the range and fluctuations. It is obvious that the above $17 is a strong resistance. The orders naturally need to follow the trend. If silver is still a long situation, it will break through $17 strongly, and then the bullish trend will be completely unstoppable. Overall, I recommend that you go long at a short-term low level when trading orders.
silver operation suggestions:
1, recommended short orders of US$16.9-17.0 are introduced, stop loss 0.3, target
2, recommended long orders of US$16.6-16.5 are introduced, stop loss 0.3, and target
is risky, and the investment is recommended for reference.
What we do is invest, not speculation. Every transaction is for making money, but every transaction may not necessarily make money. There is no need to worry too much about failure, just make money in general. There is always a market that will make you unforgettable, there will always be a trading that will be unforgettable, and there will always be some mistakes that will cause you to suffer heavy losses. The mistakes are not scary, but what is scary is that you will never correct your mistakes and make mistakes again and again. Only by formulating strict trading discipline can risks be controlled and can we deal with storms freely.
