Quotes and Guidance Review:
Yesterday's crude oil morning since the opening of $45.37, continued to 45.3-45.6 range slight consolidation, trading light, after the opening of the European session, by Saudi Energy Minister Al-Falih: I believe that the Algiers agreement will be implemented, the OPEC will reach a production cap agreement to express optimism, a sharp rise, up to $46.38, see this news Shu Haowen is also intraday real-time guidance customers to chase more at the 45.7 position, in the 46.3 profit out, after the US session, crude oil from 46.3 blocked finishing, back down to 46 a line can not be broken, intraday guidance real customers continue to follow up, the target first look at 46.5 , the effective break of the position to continue to profit holding can increase the position, the target to see the 47 position, you can also control the profit, and then by the Algerian Minister of Energy: OPEC's agreement will contain a mechanism applicable to Iran, OPEC members are still looking for a consistent solution to the impact of speech, crude oil prices continue to rise, as of Shu Haowen writing, crude oil up to $46.58, but Shu Haowen also wants to remind friends, crude oil will be delivered in recent days, operational attention to control the risk!
Market Interpretation:
On Thursday (November 17), the market closely followed the fed chairman Yellen's views on next month's policy decision, in view of the recent good US economic data and the expectation of rising inflation, Queen Yellen pushed for a rate hike, which made the Fed's interest rate increase probability next month reach 98%, and also supported the dollar to hit a new thirteen-and-a-half-year high. In terms of crude oil, in the context of the strengthening of the US dollar, although there is a certain optimism about the agreement to cut production at the end of the month, the market still doubts the execution of the oil producing countries after the agreement, and the oil price shock fell by 1%. Specific data show that the dollar index once again refreshed a thirteen-and-a-half-year high, supported by Federal Reserve Chairman Yellen's interest rate hike and good economic data; gold prices fell to a five-and-a-half-month low, weighed down by a strong dollar and Yellen's interest rate hikes; oil prices fell 1%, and the dollar strengthened overshadowed the optimism of oil-producing countries to reach a production limit agreement. The dollar index once again hit a thirteen-and-a-half-year high, supported by Fed Chair Yellen's interest rate hike and good economic data. On Thursday, the market received the congressional testimony of Federal Reserve Chairman Yellen, who changed his previous dovish image and supported the year-end interest rate hike, which supported the dollar to continue to rise. In addition, the overall good performance of the economic data released by the United States on Thursday also supported the dollar.
Oil prices opened higher on Thursday, with U.S. crude futures surging $1 at one point, and investors are optimistic that OPEC could reach a production limit agreement at its November 30 meeting in Vienna. The market is still speculating about a deal at the end of the month. Saudi Minister of Energy, Industry and Mineral Resources Khalid al-Falih said he was optimistic that OPEC would formally sign the initial production cut agreement reached in Algeria in September. Falih said it looks like OPEC is trying to convince the market that it will reach a deal. In addition, Shu Haowen believes that Trump's victory in the US presidential election may also pose a further threat to oil prices, and his policies are seen as supporting US shale oil production. Further easing of drilling and environmental regulations, coupled with accelerated approvals for midstream infrastructure projects, will support a recovery in production under the Trump administration.
Crude oil from the previous 43 double bottom near the support sharply pulled up to a high of $52.2, of which is indispensable to the September 28 frozen production agreement reached to promote, and then from the high of $52.2 sharp decline in the market for the news of frozen production is stimulated, and then now 42.2 low pulled up to above the 46 position, still indispensable to the impact of the rekindling hope of production cuts, and this morning fell again to near $45, the so-called "success also production, defeat also production" In the current crude oil trend, The impact of the message surface is much greater than the impact of the technical side. Three consecutive weeks of inventory growth now give rise to the upside that a stimulus can bring. Crude oil today Shu Haowen suggested that it should be treated at a high altitude.
Spot Crude Oil Operation Recommendations:
Short near 45.6, stop loss $0.4, target first look near 44.6, break to see near 44;
Note: The market is changing rapidly, real-time operation ideas please contact Shu Haowen himself.
Gold Technical Analysis:
Gold yesterday during the day or failed to break through the trend of the shock, 4 hours on the k line has gone into a straight line, as expected Yellen speech, unsurprisingly again hawkish remarks exhausted, the dollar was once again affected by Yellen's hawkish remarks higher, gold in the early morning appeared a sharp diving trend, Trump and Yellen is definitely going to the end. Trump's strong rhetoric has led to Yellen's collapse, and hawkish remarks such as the Federal Reserve's December interest rate hike seem to have been nailed down. The recent trend of gold and silver Shu Haowen suggested that it should be treated with a high-altitude thinking.
Spot Gold Operation Recommendations:
Rebound short near the 1220 position, stop loss of $4, target near 1210; if the strong rebound breaks through 1220, then add a short position at the 1225 position, the target remains unchanged.
Note: No warranty, express or implied, is provided for the accuracy, reliability or completeness of the content contained; readers are requested to refer to it only, strictly control their positions, and please assume full responsibility.
Haowen's message:
Recently, many friends and Shu Haowen complained that the market is long and short, caught off guard, or sigh "over the car" frequently unable to start, and in Shu Haowen's view, the friends who have this kind of trouble are mostly in various misunderstandings of the market, trading is not speculating about what the market wants to do, what is the pre-action, and the focus is on what kind of rhythm the market is in, "sharp rise and short or break to chase", not a temporary judgment and decision-making, but more is to find the market rhythm in the past trend, the same price and different meanings, long and short is unintentional, The trend has a method, presumably in the accumulation of weekday transactions, your complaints are also when you need to seek a breakthrough in thinking, one-on-one guidance and service, and more domestic top investment advisory team services, Shu Haowen is willing to be a good mentor on your investment road.
。