1.16 Gold crude oil operation suggestions and market analysis

The market currently believes that the probability of the Bank of Canada raising interest rates this week is gradually increasing. As major central banks tighten policies, the upward pressure on the US dollar becomes increasingly severe, and the market outlook may fall below the 90 mark. If so, the risk aversion sentiment generated is expected to help gold reach new highs. Another thing that investors need to focus on this week is that the Bank of Canada and the Federal Reserve will make their debuts one after another. If the Bank of Canada raises interest rates on Wednesday as expected by the market, it may affect the trend of the US dollar to a certain extent, and thus the trend of gold. Also, the Federal Reserve will release the Beige Book of Economic Conditions on Thursday, which is expected to reflect the development of the US economy. If it shows that the US economic situation is not optimistic, then gold is expected to rise in the future. Regarding gold, judging from the current situation of the Federal Reserve, the U.S. Reserve is facing a transition between the old and the new. Although it has set the goal of raising interest rates three times within the year, on the premise that inflation has not picked up, the interest rate hike in March may encounter unprecedented obstacles. This is undoubtedly a strong and good news for gold bulls in January and February. In addition, the current stage is when demand in the gold market is increasing strongly, and the demand-stimulated rise in gold prices is completely sufficient to continue until the interest rate hike meeting in March. Such a transparent market and such trend extension are perfect opportunities for investors to enter the market. Technically, the large-cycle moving average indicator MA5 clearly crosses the MA10 daily moving average and runs above the 0 axis. The indicator MACD golden cross continues to increase volume, and the 4-hour trend is optimistic about the upward shock. Based on the recent trend, today we will focus on the resistance level of 1348 at the top and the bottom support at 1335 at the bottom. In terms of operation, it is recommended to fall back and go long. Gold operation suggestions: 1. Short on rebound near 1348, stop loss at 1351, target 1338 line 2. Long on pullback near 1335, stop loss on 1332, target 1346-47 Crude oil, this week the market will receive two blockbuster reports from the OPEC monthly report and the IEA monthly report. The EIA short-term energy report released last week raised the U.S. crude oil production supply and crude oil demand expectations for this year and next. Investors can pay attention to whether the OPEC and IEA monthly reports will mention concerns about shale oil production. They should also pay attention to the monthly reports about OPEC and even the global supply and demand expectations and the follow-up progress of the production reduction agreement. Oil prices have soared to a three-year high recently. OPEC and non-OPEC will evaluate oil prices from January to March and may discuss the gradual exit mechanism after the production reduction agreement expires at the end of 2018. Last Friday, global commodities collectively rose again. Oil prices rose again after experiencing a rebound in the previous trading day. Brent oil prices once again approached the $70 mark. From a 4-hour perspective, the K-line started to pull back after hitting a new high last week, but this wave of correction is still within a normal correction, and there will not be much room above it. Crude oil broke through the consolidation zone and embarked on a bullish trend of breaking through and retreating. However, behind every rise, crude oil will undergo a period of shock and consolidation. Once the shock and momentum ends, crude oil will continue to strengthen. Based on the recent trend, today we will focus on the first-line support of 64.00, and the top focus will be on the first-line resistance of 65.00. The main focus is on longs on the pullback. Crude oil operation suggestions: 1. Short the rebound near 65, stop loss 65.3, target 64.12, callback long near 64, stop loss 63.6, target 64.8-64.9 Reminder: Don’t rush to remit money or pay a deposit before seeing the real thing to avoid being cheated.