03/30 Market report

【Dow Jones】

After the meeting, Russian and Ukrainian representatives held negotiations in Turkey. The Russian negotiators said that Ukraine has accepted neutrality and refused to deploy foreign military contingents. The negotiations were moving in a constructive direction. The Dow Jones index rose sharply after this meeting as they felt that the progress of the entire Ukrainian-Russian war was coming to an end.

The Dow Index rose to break through their recent highs. This is coupled with an Alligator Golden Cross and KD high-end figure which indicates that the buying strength of the Dow Index is currently very strong. However, the Dow Jones has not yet accumulated buying strength and it is easy for the Alligator to return to the entanglement.

USA30-D1

Resistance point 1: 35500 / Resistance point 2: 36200 / Resistance point 3: 36500

Support point 1: 34500 / support point 2: 33800 / support point 3: 33000

【Bitcoin】

Recently, Bitcoin broke through the consolidation range and went all the way up to $47,000. The recent Crypto Fear and Greed Index (Crypto Fear and Greed Index) came to 60 points indicating that the market is currently very optimistic about the future of cryptocurrencies. The previous time it was at this ‘greedy’ level, it went to an all-time high of $60,000.

Bitcoin, which has risen over the consolidation range, shows an Alligator golden cross and KD high-end figure. This indicates that the purchase of Bitcoin is quite strong. Coupled with the recent Russia news that they are willing to let buyers in oil use Bitcoin, the Bitcoin market became more alive.

BTCUSD-D1

Resistance point 1: 47800 / Resistance point 2: 48200 / Resistance point 3: 48800

Support point 1: 47000 / support point 2: 46200 / support point 3: 45500

【Gold】

The London Bullion Market Association and the World Gold Council (WGC) said in a joint statement that they are developing a blockchain-based gold traceability digital system that can use the blockchain to record the history of gold transactions from mines to safes.

This means that even if the gold is stolen during the transportation process, it can still be caught out according to the gold ID card.

From the daily technical line of gold, the Alligator is currently entangled while the KD shows a death cross. This indicates that the strength of gold is currently slightly stronger. Gold is challenging the support point of $1900 per ounce and if this point does not hold, the subsequent movements could be a downtrend.

XAUUSD-D1

Resistance point 1: 1930.00 / Resistance point 2: 1950.00 / Resistance point 3: 1980.00

Support point 1: .1910.00 / support point 2: 1900.00 / support point 3: 1890.00

【Crude Oil】

Russia was expected to reduce the supply of crude oil by 3 million barrels per day. The current figure is not affected much as it was finalized before the troops were sent to the Ukraine Russia war. After the recent completion of these contracts, the new contracts will be boycotted, so this energy shortage could the highlight.

Fortunately, the demand for crude oil affected by China's lockdown may be 15 million barrels per day, instantly making oil prices directly like a ball of gas.

In the daily technical line of crude oil, Alligator has changed to entanglement while the KD has become a death cross. It is not appropriate to chase orders when trading.

USOIL-D1

Resistance point 1: 107.800 / Resistance point 2: 109.500 / Resistance point 3: 111.200

Support point 1: 104.800 / support point 2: 103.200 / support point 3: 102.500

OnePro Special Analyst

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The foregoing is a personal opinion only and does not represent any opinion of OnePro Global, nor is there any guarantee of reliability, accuracy or originality in the foregoing.

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