04/13 Market report

【Dow Jones】

The latest CPI data released by the United States shows that the consumer price index in March increased by 8.5% compared with the same period last year. This is higher than market expectations, and it broke the inflationary record since 1981. The market is more confident that the Fed will have more hawkish tightening policies in the future.

From the daily chart of USA30, the price has fell below the previous wave low and a bearish trend has been generated. The KD indicator has once again formed a death cross but the Alligator is currently in a tangled situation. This indicates that there are still buyers resisting. Time is on the side of the bears and if there is no strong rising stick, Alligator and KD will form a synchronous death cross sooner or later.

USA30-D1

Resistance point 1: 34800 / Resistance point 2: 35200 / Resistance point 3: 35800

Support point 1: 33800 / support point 2: 33200 / support point 3: 32800

【EUR】

In order to control the epidemic in Shanghai, China has adopted comprehensive quarantine measures that affected the economy, which has led to the German Chamber of Commerce in China saying that 51% of German companies' logistics and warehousing and 46% of German companies' supply chains have been seriously affected and impacted.

EURUSD is currently challenging the recent swing lows and the euro continues to move lower. The Alligator shows a death cross, while the KD formed a golden cross. The EURUSD generated some buying today but the euro is mostly driven by the US dollar in reverse. The stronger the US dollar, the weaker the euro.

EURUSD-D1

Resistance point 1: 1.08800 / Resistance point 2: 1.09200 / Resistance point 3: 1.09800

Support point 1: 1.07800 / support point 2: 1.07200 / support point 3: 1.06800

【Gold】

According to the representative indicator of the retail price of gold in Japan and the official announcement of Tanaka Precious Metals Industry which is the Japan's largest gold retailer, the retail price of gold in Japan has risen for 6 consecutive trading days and continued to hit a record high for 3 consecutive trading days. There is a continued depreciation of the Japanese currency while the demand for gold in Japan continued to rise.

XAUUSD has broken through the recent consolidation range highs. Gold is still in the process of war buying and interest rate increases.

XAUUSD-D1

Resistance point 1: 1980.00 / Resistance point 2: 1990.00 / Resistance point 3: 2000.00

Support point 1: 1950.00 / Support point 2: 1930.00 / Support point 3: 1920.00

【Crude Oil】

EU meets OPEC amid calls for oil output increasebut OPEC officials said that market sanctions against Russia could cause a serious impact on crude oil supply. Russia's crude oil production is difficult to replace, which is a hint that OPEC+ is not considering increasing production capacity to make up for Russia's vacancy.

The price of crude oil has rebounded from the bottom, directly breaking through the price of $100 per barrel. The short-term bearish pattern has not changed so although this wave of rebound has been broken, it is still not recommended that investors chase the high excessively in the bearish pattern.

USOIL-D1

Resistance point 1: 103.200 / Resistance point 2: 105.500 / Resistance point 3: 107.500

Support point 1: 98.800 / support point 2: 95.500 / support point 3: 92.200

OnePro Special Analyst

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