He Xiaobing: The gold crude oil tank is oscillating, pay attention to the switching range of the dividing line 09.23
On a turbulent Thursday, from early morning to midnight, there are market prices in every time period, running back and forth around the box interval.
Gold has been corrected from last Friday to today, running around the box range. No matter how much it breaks through this box range this week, it will eventually return to the range and continue to oscillate.
The upper resistance is 1680, followed by 1685-1688
The bottom supports 1657, followed by 1653
It is also a range operation with a four-hour pattern closing and flattening.
So, for the follow-up market, pay attention to three points:
The first is the continuity after the breakthrough, the second is the shock within the box range, and the third is the dividing line
The dividing line, the position of the dividing line given yesterday is the purple trend line, which serves as the switching point of the market space. Above this, it climbs up to find the upper resistance, and below it, it is under pressure to find the lower support.
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Yesterday, the US market relied on the purple trend line, and the defensive starting point climbed to the 1685 area again, but it continued to sweep in late trading and fell back again.
Now the price is hovering at the purple trend line, so for today’s market.
If the price falls back to the purple trend line, use the starting point as a defensive suppression, and continue to look at the pressure to find the support area at the bottom of the box.
That is to continue to maintain the oscillation in the box interval, and the middle dividing line is used to switch the interval.
The last thing is to pay attention to whether to break through the box interval. No matter whether it is above or below, there is no continuation after the breakthrough. It has been repeated back and forth many times, how long it is horizontally and how long it is vertical. The trading day is over, three unchanged and five changes, five unchanged and seven changes, the longer the sideways time, the more powerful the subsequent breakthrough will be.
Therefore, for today’s gold, the price keeps running in the box range, paying attention to the position of the dividing line of the purple trend line, so as to switch the space.
Now the position of the purple trend line in the 1668-1667 area also coincides with the four-hour lifeline, and together they become the dividing line area of the market.
The following is the price of spot crude oil, on which +0.13 is the futures crude oil price
Crude oil also swept back and forth around the box range this week. After the acceleration sprint, it rose and fell, and after the accelerated decline, it bottomed and rebounded. The overall operation revolved around the green channel range as shown in the figure.
The upper rail of the green channel interval is in the 85.8-86.0 area, and the bottom is in the 81.8-81.6 range, which can be locked and treated first.
The position of the purple trend line moved down to 84.3, and it is currently tested at 83.0. This is the support point that was determined by stepping back before the US market last night and the support point that rose and fell after the US market.
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So the current range of primary concern is this 84.3-83.0 area. When the price breaks through this range, look up at the upper rail of the green channel, and look down at the lower rail of the green channel. It happens that the space range is similar, and then break through and then refer to the same profit range and fold it in equal distances.
Therefore, for today’s crude oil, it is still running in a box similar to gold, looking for the dividing line, looking at the upper range above the dividing line, and looking at the lower range below the dividing line, maintaining shocks while paying attention to continuity.
The current price is in the 83.0 mark area, pay attention to the gains and losses, so as to further switch the range.
Today is Friday, it is still the old rules, only provide information reminders of cooperative friends, if you need real-time reminders, please contact us, looking forward to the good news of profitability.
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