International oil prices held firm on August 9, as supply cuts by Saudi Arabia and Russia led to tight supply, overshadowing negative trade and inflation data from China, the world's largest crude importer. Saudi Arabia, the world's top exporter, last week extended its voluntary output cut of 1 million bpd until the end of September, adding that the cuts could be...
Looking at crude oil on the daily line, the Bollinger Bands continue to open upwards, and the trend of bullish prices has not reversed. Crude oil can only rise after falling. The lower support is still strong. Below, focus on the first-line 82 support of the Brin middle rail. I think that when the price reaches 82, the price of crude oil will still rise to a...
It was another full day of shocks. The price of gold jumped repeatedly between 1930 and 1935. Although the hourly line kept refreshing lows within the day, the support at the low point of 1925 was still very strong. In terms of form, gold continued to maintain The trend of shock adjustment. Relying on the support of 1925 to continue to be bullish Trading...
The gold market has been oscillating and falling since the early trading, but we can clearly see from the market conditions that the main bullish funds are constantly intervening. Therefore, gold is very likely to rise at the lower support point and continue to form a narrow-range shock adjustment trend. For short-term trading, I suggest that you can choose to...
Oil prices were lower on Monday after six straight weeks of gains, with WTI closing at $82.45. Pumping through a section of the Druzhba pipeline in central Poland was suspended after a leak on Saturday, though a pipeline carrying oil to Europe is expected to resume on Tuesday, alleviating concerns about tight supplies. So I analyze that oil prices will rise...
On Friday, the non-agricultural data bottomed out and rebounded, forming a bottoming trend of 1925. Gold then rose to around 1945. It should be noted here that what really determines the trend of gold is the market sentiment after the data. Although the non-agricultural data is beneficial Gold, but still lacks a strong uptrend continuation signal! Therefore,...
The daily line has regained most of the losses, and the market is still in a bullish trend and is currently in a strong state. Whether there will be large fluctuations in the adjustment here. Crude oil pressure 83.3, support 81.5. Crude oil operation is recommended to buy at 81.5 first-line, with a target of 82.2~82.7. If it breaks above, continue to look at...