04/14 Market report

【Dow Jones】

At the beginning of the US earnings season, the current financial reports are mixed but still better than expected. In terms of the current technical line of the Dow Jones daily line, the KD has formed a golden cross, indicating that the Dow Jones index has the buying strength to pull the index up while the tangled Alligator also became a golden cross. The current pattern has room to rise.

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】

According to the data of the CFTC of the Commodity Futures Commission of the United States, the number of trading positions of euro investors in the investment type increased by 10871 and the number of short orders increased by 4875. The overall data was an increase of 5996 net bullish and this shows that short-term euro corporate investors are more optimistic now as compared to before.

In terms of the current EURUSD daily technical line, there was a wave of buying support after the price fell to the recent swing low. The KD index formed a bullish trend from a low-end figure to a golden cross. Alligator is still a death cross, so this wave can only be regarded as some buying in a deep decline.

EURUSD-D1

Resistance point 1: 1.09500 / Resistance point 2: 1.09800 / Resistance point 3: 1.10200

Support 1: 1.08200 / Support 2: 1.07800 / Support 3: 1.07200

【Gold】

The data of the CFTC of the U.S. Commodity Futures Commission shows that the number of investment types of gold investors has decreased by 3062 and the number of short orders has increased by 8993. The overall data is an increase of 12055 of net short positions.

In terms of the XAUUSD's daily technical line, the Alligator shows a golden cross and the KD shows a high-end figure. Gold has condensed a lot of bullish buying power after breaking through the consolidation range. The high point of the band is 2075 and the focus will be on whether the breakthrough can go to that figure.

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 International Energy Agency (IEA) said that the current release of oil reserves by the United States and some countries will help to fill the large amount of crude oil supplies lost after the outbreak of the Russia-Ukrainian War.

But despite this, the daily supply of crude oil in global markets should be reduced by 3 million barrels of Russian crude oil by May.

At present, the price of crude oil has broken through the $100 per barrel barrier and has been rebounding upwards. In terms of the technical line of crude oil daily, KD shows a golden crossover which indicates that some buying power has recently appeared in the crude oil. Alligator is still entangled, so there is still some selling pressure that exist at this stage. The general pattern has not been broken yet.

USOIL-D1

Resistance point 1: 105.500 / Resistance point 2: 107.500 / Resistance point 3: 109.500

Support 1: 101.800 / Support 2: 98.500 / Support 3: 95.200

OnePro Special Analyst

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