Chai June Riching: May 9 morning gold, ning expensive asphalt operation strategy
Last week, the overall price of gold to continue the concussion, the early week, the lowest market test 1270 near support rebound, by Friday non-agricultural data positive impact, gold return to 1290, the upward momentum significantly weakened, although the impact of good data, but next week there is still a risk of continuing to fall Ningui asphalt whole week trend showed a sharp fall, The Friday release of the United States in the April quarter after the non-farm employment population only increased by 160,000, the data is in full compliance with chai June expectations, the U.S. dollar was depressed, while the United States released in Friday May 6 U.S. oil clothing Baker Hughes Total drilling continued to decline, combined with Canadian wildfires to reduce the impact of crude oil production, the oil price Friday slightly higher recovery partial decline
The non-agricultural data, although poor, has been somewhat wayward, rising to a week-high in Thursday, with other data performing well, and Fed officials saying it was possible to raise interest rates in June, thereby propping up the dollar. After the disappointing non-farm payrolls report, the Fed's three-handed Dudley, a non-farm report, issued hawkish rhetoric to support the dollar. The monthly non-farm payrolls report may be slightly weaker than expected, but we will not value the April US nonfarm payrolls report, which is expected to be justified by two increases in the Fed's interest rate in 2016. The FOMC may see whether the May report is weak, but it will need to wait another one months before the answer is announced.
In Monday, London Gold surged to 1303.85, a new year high, in the pre-pressure zone profit-taking surplus off-site throw pressure heavy, London gold for four consecutive days under pressure fell. The Friday US non-farm report was disappointing, and London gold was buoyed by a rally. This week the London Gold Week line received a yin candlestick with the upper and lower shadow line, the current London gold has broken through the early highs, a new year high, although this week, despite some decline, but still maintained at the top, and the upward trend has not been destroyed.
Brent oil futures plunged 6% this week, recording the biggest weekly decline in January. U.S. crude oil fell 3% this week. Crude oil fell this week as the two crude contracts surged in April after a heavy-pressure zone, with investors profiting early this week. According to a report released by the U.S. Commodity Futures Trading Commission (CFTC) in Friday (May 6), the week ended April 28 to May 3: Speculators held a crude speculative net bullish cut of 15721 contracts, up to 318544 contracts, suggesting that investors were looking to cool their appetite for more crude.
In Friday, the United States May 6, the U.S. oil suit Baker Hughes Total drilling number continued to decline, combined with the Canadian wildfires to reduce the impact of crude oil production, oil prices in Friday to recover some of the decline. But Brent oil still recorded its biggest weekly decline in four months this week as investors profited from a strong rally in April. The Canadian oil City of Alberta, Fort McMurray, is engulfed by wildfires that continue to shut down at least 720,000 barrels of crude oil at the local site, causing 8000 people in the area to be evacuated, and about 10 of major crude oil production facilities are being prevented from cutting or shutting down. This has led to a possible reduction of nearly 1 million barrels/day of global oil supply.
Golden Week after the big Yang received a high-class Doji this week, STO is still upward hook head, MACD Multi-energy column two times, MA5 is also on the MA10 to form a gold fork, at present, above there is a certain space. On the day line, the continuous 4-type Doji, after the non-agricultural stimulation yesterday, the resumption of the big Yang, Bollinger bands in the upper rail is still facing upward divergence. On the whole, Spot gold is located at the end of the triangular finishing. 4 hours, the current Bollinger bands run smoothly, the gold price runs above the middle rail, the moving average near the middle rail, forming an important support point, that is, the daily line figure Chai June mentioned 12,851 lines, and then 1280-1281 near, where the support point is key to focus, and the current gold price run in the trend of diffusion triangle, short-term as long as the red trend line, the current red trend line point is 12,801 line, then gold also has to explore 1305 near, such as breakthrough 1305, then gold will follow the spread of the triangle. Below the red trend 1280 bit, the gold price will have to fall into the downward trend of the shock, and eventually have to fall back to 1250 below. Real-time suggestions for information Chai June, short-term operation recommendations: see below more than 1280-1282, stop loss 1276, the target to see 1290-1293 after the Jiancang or trailing stop 1300-1305. Above first see 1304-1305 line empty, stop loss 1308, target see 1295-1293.
Ningui Asphalt in Friday after non-agricultural data performance is very dull, by the market sentiment is very cautious, until after 9 o'clock gradually digest the message surface began to walk out of the upward pattern. Direct pull 100 points at the 4320 Gate received suppression, with half an hour 2 candlestick adjustment charge again after the 4364 successfully swept the expected 4350 take profit, then the data announced at the time of the announcement of the number of the perfect ending 150 points. From the technical side of the daily line of view, since the high 4503, the way down the callback but on the weekend for 2 consecutive days to receive cross K, meaning the market needs to adjust, short-term stop. Fall into a wide range of shocks, above because Thursday admitted a longer upper shadow line so the high point is difficult to break the position. 5, 10th moving averages through the formation of the Dead Fork, the accompanying figure MACD is also a dead fork running green energy gradually. Four-hour Bollinger bands began to shrink, short-term attention to 4350-4150 intervals, the candlestick in the upper rail under the pressure of a small decline, the final line in the dense moving averages above, so there are strong support. MACD two times the Gold Fork volume, short-term strong, the next Monday operation can wait for the callback after a long time. Small cycle Hour chart, the Bollinger bands have formed 3 yin, short-term callback needs, so next week open do not blindly chase more, can wait for the appropriate callback after the intervention of more than a single, the operation of the proposed strict control of the risk reasonable grasp the profit! More information about Chai June get real-time advice. Intraday retreat between 4220-4250 can be opened a multi-single, stop loss 45 points, the target to see 4350 of the profit.
Chai June Riching: May 9 morning gold, ning expensive asphalt operation strategy
