gold is bullish, and investors should continue to buy on dips today.

Hexun.

The OPEC secretariat reports that the current outlook for the oil market is harsher than last month’s and expects an increase in crude oil demand of 5.95 million barrels per day by 2021. A shortfall of one million barrels per day is scheduled for this year. Countries that have not yet submitted compensation plans have been told to do so as soon as possible. OPEC May oil production grew by 280,000 barrels per day, to 25.52 million barrels per day. A spokesperson for the Iranian Ministry of Foreign Affairs said that while substantial progress has been made in the 2015 nuclear agreement negotiations, some critical issues must still be resolved. IAEA Director-General Grid Ross said the talks with Iran had “no results,” Iran must clarify issues of its stock of enriched uranium more than 16 times the limit agreed upon. The EIA data shows that despite the sanctions imposed on Iran, the United States imported 1.033 million barrels of crude oil from Iran in March. In a draft document, the G7 finance ministers stated that they support the OECD/efforts G20’s to agree on the lowest global corporate tax rate; once the economy has recovered, the ministers must ensure the long-term sustainability of government finances; and the central bank’s numbers will be discussed. Begin work on the fundamentals of currency, and report conclusions later in 2021. the OECD issued an economic outlook, predicting that the global economy will grow by 5.8% in 2021, and many countries’ expectations have been raised. The international tax agreement may be concluded in October, according to Guria.

Investors are currently shorting commodities, ranging from crops to natural gas.

The CFTC and ICE data suggest that since November last week, the Bloomberg commodity index tracking hedge funds are the most significant position in various commodities. Decline Monday’s data shows that the Bank of Japan (BOJ) had not purchased ETFs in May, the first time since Kuroda’s election as BOJ governor in 2013 when he did not intervene in the market. The data highlights that the central bank is retreating from Kuroda’s “bazooka” stimulus plan, as the years of massive asset purchases have attracted criticism. Several critics say this has made the BOJ balance sheet highly vulnerable. German inflation data was released on Monday after local measures to contain the flu were relaxed. This month’s data has risen 2.4% year-over-year, the highest since October 2018. This year, inflation may increase to 4% for the first time since the euro’s creation.

Previously, the People’s Bank of China (PBOC) announced that to manage foreign exchange liquidity for financial institutions better, it has decided to increase the reserve ratio for foreign exchange deposits at financial institutions from 5% to 7% beginning June 15 2021.

While the world economy grows, the gap between developing countries and developed countries increases, and it will take longer to recover to pre-epidemic output levels.

By the end of June, the global oil inventory surplus will be eliminated. To achieve at least 2 million BPD of inventory drop by September-December, OPEC+ will have a lot of room to increase production. Even if the current increase is completed, 6% of the global supply is sitting idle.

As the world’s largest producer of sugar and coffee, the severe drought has worried the market about Brazil’s supply, which has pushed up future coffee prices.

May had the fastest year-on-year growth rate seen in nearly two and a half years. The pan-European stock index dropped, and it rose for four straight months in May. The weakness of the U.S. dollar, the offshore renminbi For more than two and a half months, oil distribution, was highly variable. Bitcoin rose to nearly 37,000 USD in intraday trading, and ethereum gained almost 20% on the previous day’s decline. Stay on the facts today data and financial events on June 1 (Tuesday);

Q1 of the current Australian account

Manufacturing PMI (Caixin 09:45)

12:30 Aussie June rate

the German monthly retail sales rate in April

15:00 quarter GDP annual rate

value of May manufacturing PMI: 15:50 French

15.55: German seasonal unemployment rate

15:55 Germany manufacturing PMI

European manufacturing PMI, 17:00 local time

Markit Manufacturing PMI: 16:30, UK GMT

Starting at 17:00 In May, the annual CPI rate in the eurozone is not adjusted. reside

17:00 April Eurozone unemployment rate

approximately $23 billion monthly.”

21:45 -PMI Value on May 16, 2014

W 22:00 May PMI Manufacturing

the 17th OPEC and non-OPEC ministerial video conference was held

technicals

Gold~1 hour price

Open the app to see the latest report.

Gold was static yesterday.

Daily-level prices continue to run above the shock range, and some support below can be counted on. The bullish signal of the Yang Line has ended. In the short term, prices will rise, and the MACD fast and slow lines will increase. At the 1-hour level, the price has formed a short-term high, the trendline has provided some support, and the MACD’s fast and slow lines have increased. Because of this, the gold price is mostly rising. Find the signal and place your orders when the price moves down toward the trend line. We are at 1912 pre-pressure. XAUUSD trading strategy (go long) Stop loss: around 1900, take profit: 1912-1922 1-hour Silver XAGUSD Silver follows the trend of gold and continues to vary within that range. Under the daily price level, it closed the bullish signal on the Yang small line Rising short-term price. Fast/Slow MACD ready for another golden cross. At the 1-hour level, the price is at a high and varying level. The MACD (Momentum, ADX, and Zero Line) is showing continued strength. Today’s silver movement is mostly bullish and upward. We are waiting for the price to fall to the inscribed trend line to see the signal layout and orders. The early high target was 28.7. XAGUSD trading strategy (long) Entry point: 27.9, stop loss: 27.2, and profit: 28.7 to 29.2.

1-hour level crude oil

On yesterday, crude oil had to use the support below to rise.

The daily price increase follows the upward channel, but it has reached the upper Bollinger band and is being suppressed. With increased upward pressure and a likelihood of a callback, the MACD volume can shrink. Looking at the 1-hour chart, the price rise has encountered the previous upward trend line, the price has repeatedly risen and fallen, and the short-term price will decline. So, today’s crude oil price trend fell mainly. Buyers should be patient, waiting for the price to rebound above the upward trend line before taking a short position. The short-term target shock range is located near 66.1. OPIS trading strategy (short) Stop loss: 68.8, take profit: 66.1-65.4 the 1-hour EURUSD level The euro continued to rise due to the dollar’s rise and fall. The price increased significantly, staying near the 10-day moving average, and closed a bullish signal set by the mid-Yang line. The price continued to grow, and the MACD’s fast and slow-moving average converged on another golden cross. At the 1-hour level, the short-term price trend is in a V-shaped reversal, supported by the inscribed trend line, and the short-term price will rise. As such, the current trend of the euro is mainly up. As the price approaches the inward trendline, I will look for a signal setup and orders. at the top of the target earlier

stainless steel runs smoothly and nickel demand is still guaranteed

Stainless steel runs smoothly and nickel demand remains strong.

At the macro level, economic expectations are heating up, domestic economic conditions are improving, and market sentiment is optimistic.

In terms of industry, nickel ore supplies are tight and the price remains high. Ferronickel plants do not wish to ship goods at a loss, while stainless steel orders are good and prices remain stable

In general, the demand for nickel in the downstream industry is still guaranteed, and the Shanghai nickel market should not be pessimistic. The reference range of Shanghai Nickel 2102 contract is 115,000-123,000 yuan/ton, and the reference range of SS2102 contract is 1,3000-13600 yuan/ton.

In terms of operation, Shanghai nickel is long on dips, while stainless steel is on the sidelines.

Uncertainty risks: epidemic development, overseas economic stimulus policies, nickel resource imports, changes in stainless steel capacity utilization

One

Market review

Nickel prices dropped overall this week. Although the macro environment is generally positive, the continuous rise of the metal sector in the early stage has caused a phased correction in the sector, which has brought certain pressure on the nickel price. In addition, the industry is generally stable and there is no obvious good news for the time being. The transaction price of ferronickel is still at a low level, only nickel ore still has support.

Open the app to read the latest report

two

Analysis of price influence factors

1. Macro aspect

1.1. Overseas: Fiscal policy is expected to heat up, and the macro environment continues to warm up

Pfizer halved vaccine production in half a year, which once disturbed the market. OPEC’s production growth slowed down, and rising oil prices pushed up inflation expectations.

US President-elect Joe Biden nominated former Federal Reserve Chairman Janet Yellen as a candidate for finance minister, is conducive to the subsequent fiscal policies. The two parties in the United States jointly proposed a fiscal stimulus agreement, and the probability of fiscal stimulus increased during the year. U.S. manufacturing data has fallen, non-agricultural employment has been significantly lower than expected, the impact of the second outbreak of the epidemic is showing, and it

On the macro level, expectations of overseas fiscal stimulus heat up, the domestic economy continues to improve, and market sentiment tends to be optimistic. In terms of industry, the supply of nickel ore is tight and the prices remain high. Ferronickel plants are not willing to ship goods at a loss, and stainless steel orders are better and prices remain stable. In general, the demand for nickel in the downstream industry is still guaranteed, and the Shanghai nickel market should not be pessimistic. The reference range of Shanghai Nickel 2102 contract is 115,000-123,000 yuan/ton, and the reference range of SS2102 contract is 1,3000-13600 yuan/ton.

In terms of operation, Shanghai nickel is long on dips, while stainless steel is on the sidelines.

(Editor in charge: Chen Zhuang)

“Taipei stock market” Fubon VIX bursts, with more than 130,000 transactions in half an hour

The US S&P 500 VIX futures index rose nearly 11% on Friday, and it continued to rise in the morning (25). The Fubon VIX (00677U) ETF, which is linked by Taiwan stocks, opened up and jumped more than 7%. In the morning, the highest price reached 6.28 yuan. Half an hour before the opening, the volume of the transaction broke out more than 130,000 transactions . It was more than half of the total volume of more than 250,000 transactions on Friday.

As of 9:40 in the morning, Fubon VIX’s share price was around 6.22 yuan, up 6.32%, and the volume of trading has burst out more than 145,000. The price fluctuated within the price range of 0.09 yuan. There have been differences. The investors who bought in the low-end last week have profited today, but there are also empty hands to enter the market today.

Gold remains unchanged around 1254-6 crude oil continues dropping to 47

2018-12-19 14:16:23 and News Network
  Yesterday, the gold market did not continue, it is still a range of shocks, fluctuations around the 1245-50 range, but the crude oil is very fierce, the US plate fell again, the lowest to 46 first-line, a single-day drop of 8%, really makes people happy.

  Most people like trends, but most people are exploding in the trend.

  Such of gold, continuous shocks, fluctuations in the range, small price fluctuations, and high repeatability, it is difficult to break the position in gold these months. Still, crude oil, I think many people will have headaches. If you are not careful, you will return to liberation one night.

  Often talk about the trend, in the trend, don’t guess the bottom, but many people can’t stop the temptation of price, think that the decline is too significant, the chance of bargain-hunting is coming. Or the daily line receives the Yin. The turn is yang. This is a kind of speculation, forgetting that the more significant the decline, the weaker the trend, and the greater the decline, the market is the actual short.

  For more than a month, in the group of students, almost every day, the trend of crude oil is recommended to be weak, and crude oil is used as a symbol of learning. To move to profit, the greater strength in the downturn is not the key to changing direction, but only to fix short positions.

  On these two days, we will summarize the points for you, and we must remember:

  1, the low position in the weak sideways, must not stop falling, but the weak consolidation, the bottom of the test is not supported, but the lack of support, the probability of breaking high.

  2, the weak Bolian Yin, the most basic signal, the first Yin after the Yang Xian, must continue to fall.

  3, when there is a large amount of counter-pumping in the fall, do not think it is bottoming out. The anti-pumping force is considerable, just a short correction.

  4, the daily line continues to fall, is a steep decline, this trend, there will be a second wave of decline, the rebound is also empty.

  The gold market is different, continuous shocks, interval operation, and low price fluctuations, so in this market, give you a summary:

  1, do not chase the single; chase the single no profit.

  2, do not believe in breakthroughs; breakthroughs do not continue.

  3, try to find a relatively safe double top and double bottom trading.

  4, refer to the front strength to layout the trend.

  So, you will understand that gold is slow and volatile, and crude oil is falling.

  I remembered a few days ago. I summed up the sentence: the inexhaustible crude oil, the gold that can’t afford it. It probably describes the current state.

  So today, gold continues to see more shocks.

Gold looks stable around 1254-6 unchanged crude oil 47 continues slipping.

  Today we will take 4 hours to look at it.

  1, yesterday, the price of the second test 1245 back pumping, forming double bottom support, this is the lifeline and watershed of today’s bulls.

  2, the price encountered resistance in the early high point around 1250 and sideways shocks.

  3, early bottom detection continues to consolidate in the 1250 line.

  Today’s market is relatively simple. It is difficult to suppress the retreat, and the rise will not be withdrawn.

  In other words, the ups and downs are from now on.

  Yesterday evening we suggested 1247.5-48 more than one, and today we can continue to hold the target 1255-6 line.

  In addition, the short position is also recommended in more than 1248, breaking 1244 damage, the target remains unchanged.

  In addition, if there is no breakthrough in the suppression of the day, then retreat again, do not consider more than 1244-5, this position is suppressed, it is challenging to rise.

  In terms of short selling, we need to wait for the evening. The daily line has been relying on the moving averages to rise slowly. We are worried that there will be an outbreak, and we will not consider it in the day.

  On the wild side, today is the second day after the bottom, and the daily line has fallen for three consecutive days.

  Note that the bottom is instead the short release, which will speed up the arrival of the bottom. Usually, 2-3 days after falling below the previous low, you can’t hit the air.

  According to the current form, the air can be used for up to 1-2 days, and the crude oil will have a back pumping.

  Therefore, this must remind everyone that there is no problem in the air, but we must not die, but we must take a reasonable stop loss and rationally bearish.

  Crude oil still has two points today:

  1,47 line small, 47.4 plus, loss 47.7, target 45.80-60.

  2, see if the morning breaks the bottom, the bottom is similar to yesterday’s form, and you can choose the radical direct layout in the afternoon.