04/19 Market report

【Dow Jones】

This heavyweight U.S. technology stock earnings reports will be released one after another this week, including IBM on the 19th and Tesla and ASML on the 20th.

Fed Commissioner Bullard said the Fed should raise rates a little faster and raise the benchmark rate to around 3.5% by the end of the year. It would require multiple 50 basis point hikes during the period, and the possibility of a 75 basis point hike should not be ruled out.

In terms of the current daily technical line of the Dow Jones, KD low-end figure continues to show that the price of Dow continues to oscillate near the same region. The tipping point is still missing to make a breakthrough.

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

【Euro】

Under the EU's latest sanctions, trucks from Russia and Belarus are barred from entering the EU and are required to leave the country within a week. There are exceptions for a small number of trucks carrying goods such as energy, medical care and humanitarian goods.

There are currently about 10,000 Russian and Belarusian trucks in the EU, and it takes about 3 to 10 days to leave the EU and many drivers are unable to leave the country before the deadline.

On the other hand, in response to EU sanctions, Belarus has announced that from the 16th, trucks registered in EU countries will be banned from entering the country.

The price of the euro has fallen below yesterdays low. The daily technical line of the euro shows an Alligator death cross and the KD also a death cross. This indicates that the current stage of the euro's selling pressure is relatively strong and investors will be advised not to go against the trend.

EURUSD-D1

Resistance point 1: 1.08200 / Resistance point 2: 1.08800 / Resistance point 3: 1.09500

Support point 1: 1.07200 / support point 2: 1.06800 / support point 3: 1.06200

【Gold】

Russia's final ultimatum to Mariupol – any resistance are to be eliminated if they are not surrendering.

Once again, the price of gold is once again approaching $2,000 per ounce!

At present, Alligator shows a gold crossover while the KD shows a high-end figure. This indicates that the demand for gold has led to a strong buying force to the $2,000 per ounce region. However, there is a pullback yesterday and many investors will be looking to see if this region will be broken through.

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】

Libya's national oil company said through its official website that the Elephant oil field, which can produce up to 70,000 barrels of crude oil a day, was shut down on April 16 after protesters demanded that Libyan Prime Minister Abdul Hamid Dbeibah step down.

Two ports in Libya were forced to suspend oil loading operations, and the Elephant oil field, which had previously produced 65,000 barrels of crude oil per day, was halted in protest.

The supply of the crude oil market has been affected again, and it can be seen from the daily technical line of crude oil that KD shows a high-end figure. This indicates that the buying force of crude oil has a certain strength. The Alligator knot also means that the current trend of Crude oil is not a bullish trend and it is not easily reversable. The current movement has a high of $117 per barrel, and a strong support near $93 per barrel.

USOIL-D1

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

Support point 1: 105.800 / support point 2: 102.500 / support point 3: 99.200

OnePro Special Analyst

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