04/18 Market report

【Dow Jones】

Some financial stocks last week showed mixed reports. JPMorgan Chase and Wells Fargo were not good, while Morgan Stanley and Citi was alright. The US Treasury yield continues to rise, the inflation index continues to rise, and the pace of the Fed's interest rate hike seem to be accelerating.

From the Dow Jones's daily technical line, the current KD shows a low-end figure while the current Alligator shows a golden cross. It seems that the recent lows have not fell below the previous lows.

USA30-D1

Resistance point 1: 35000 / Resistance point 2: 35500 / Resistance point 3: 35800

Support point 1: 34000 / support point 2: 33500 / support point 3: 32800

【EUR】

The president of the Central Bank of the European Union said that although inflation has reached 7.5% compared with last year, interest rates will not change for the time being. They will only begin to consider interest rate hikes after the end of the easing measures during the epidemic. Germany has begun to gradually reduce Russia's crude oil demand, but there is no way to find a suitable supplier to solve this problem in the short term.

From the technical line of the euro, it has fell below the recent swing low and closed below the low of the previous day. The pattern of the EURUSD is a bearish pattern. Alligator shows a death cross, while the KD shows a golden cross. The strength is not very concentrated so traders are advised not to chase orders.

EURUSD-D1

Resistance point 1: 1.08500 / Resistance point 2: 1.09000 / Resistance point 3: 1.09800

Support point 1: 1.07500 / support point 2: 1.07200 / support point 3: 1.06800

【Gold】

The recent News of the Ukrainian-Russian War has become more severe. After the sinking of a Moscow cruiser, Russia began to bomb Kiev continuously. Russia and Ukraine have fought back and forth, allowing Russia to begin to impose sanctions on countries helping Ukraine. It increases the possibility that the war may spread to become The Third World War. The demand for gold now has buying support.

The daily technical line of gold shows an Alligator golden cross while the KD has a high-end figure. This indicates that there is short-term buying force and the price has also broken through the recent consolidation range. The current price has come to $1973 per ounce, and the opportunity for a follow-up to $2000 per ounce is great.

XAUUSD-D1

Resistance point 1: 1990.00 / Resistance point 2: 2000.00 / Resistance point 3: 2010.00

Support point 1: 1960.00 / Support point 2: 1950.00 / Support point 3: 1940.00

【Crude Oil】

The situation of Crude Oil is further complicated by EU sanctions covering Russia's state-run infrastructure builder Transneft which has important ports and tubing. Trafigura, a big buyer of Russian crude oil, said it would try to comply with all sanctions and predicted that trade volumes would shrink further from May 15.

At present, the increase in production promised by OPEC has not been fulfilled. The supply of crude oil is gradually replenished by the United States, with Russia gradually being kicked out as a major supplier.

There is a wave of rebound recently in the Crude Oil. The Alligator is tangled, while the KD shows a high-end figure. This indicates that the short-term buying force is still slightly stronger. The overall short-term trend is still bearish and this wave can only be defined as a rebound.

USOIL-D1

Resistance point 1: 109.500 / Resistance point 2: 111.500 / Resistance point 3: 113.500

Support point 1: 106.800 / support point 2: 104.500 / support point 3: 102.200

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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