1.17 Analysis of Gold Crude Oil Trading
At present, the fundamentals of gold continue to be bullish on gold. Today, investors continue to pay attention to the support area of the 4-hour uptrend line below, and continue to buy long gold after the pullback stabilizes.
① According to a report from the US Department of Labor, the initial jobless claims data further drove the increase.
② The market's expectation of interest rate cut has reduced the yield of 10-year treasury bond, reduced the opportunity cost of holding gold, and further enhanced the attractiveness of gold
③ The market's concerns about the growth prospects of the US economy still exist, which makes safe haven assets such as gold still highly favored.
The fundamentals of the current crude oil market are influenced by multiple factors, and the technical aspect is currently showing a high volatility pattern. Today, investors are paying attention to the 4-hour support area below, and investors mainly participate in long positions at the lower edge of the volatility range.
① The latest US data shows a certain degree of economic resilience, and US consumer demand remains strong, which poses a potential support for crude oil demand.
② The previous production reduction measures of OPEC+have provided strong support for crude oil prices, and whether the scale of production reduction will be further adjusted in the future remains a focus of market attention.
③ International trade frictions are also an important factor affecting the crude oil market. As an important energy exporting country, changes in Canada's export policies may also have an impact on the global crude oil market supply pattern.
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