Jerome-Leon

Jerome-Leon Updated 

The overall trend of crude oil hit the bottom yesterday, and the rebound did not break after testing 80.7 for the second time. It's still going strong. A positive hammer line collected on the daily chart. A close like this meant the market would rebound, and it has now. The key pressure level is 83.6. As long as the market does not break here, the market will...

Jerome-Leon Updated 

The international gold price continued the downward trend of the previous two days and is currently testing the 2310 support level. Yesterday, the gold price once fell below the 2300 mark, but it rebounded under the stimulation of weaker than expected PMI data. After closing in the red for two consecutive trading days, spot gold came under further pressure during...

Jerome-Leon Updated 

Spot gold prices continued their sharp downward trend during the day, with gold prices effectively falling below the key level of $2,363 per ounce, which may open room for further falls in gold prices. Gold prices fell on Monday amid optimism that the conflict between Iran and Israel would not escalate further. In addition, market expectations for the Federal...

Jerome-Leon Updated 

The crude oil market is as expected. The Asian and European markets are falling. The US market continues to be optimistic about the bulls. The market has tested as low as 80.7. Our stop loss is placed at 80.5. The US market still maintains low and long positions. The lower defense is placed at 80.5. The target is first. See if 82.5 breaks. If it breaks 82.5, it...

Jerome-Leon Updated 

On Friday, during the European trading session, WTI crude oil prices fell slightly. WTI crude oil futures experienced modest gains during the Asian session after Israel attacked Iran, initially surging 3% but later giving up most of those gains. The escalation briefly raised concerns about potential supply disruptions, but those concerns faded as the situation...

Jerome-Leon Updated 

Gold prices held firm on Friday and were on track for a fifth straight weekly gain as concerns about further tit-for-tat retaliation between Iran and Israel stoked safe-haven demand. Spot gold prices rose to a high of $2,417.92 earlier in the session, with prices up more than 1% for the week. U.S. gold futures fell 0.2% to $2,393.50. Gold prices soared early...

Jerome-Leon Updated 

Crude oil prices fell as markets trimmed geopolitical risk premiums on concerns about escalating tensions between Iran and Israel, ANZ Bank said in a note on Thursday. Crude oil prices plummeted to the 82.5 line in the early morning. For Thursday's white market, the market's intuitive performance is short. Intraday rebound resistance can focus on 83.2-83.7-84.2....

Jerome-Leon Updated 

In early trading in the European market on Thursday (April 18), spot gold continued its strong intraday trend. The price of gold exceeded US$2,380 per ounce, reaching a maximum of US$2,392.72 per ounce, rising by nearly US$30 during the day. Investors remain concerned about another conflict between Israel and Iran, driving safe-haven funds into gold....

Jerome-Leon Updated 

Crude oil real-time market analysis: The resistance of crude oil in the morning on Wednesday was 85.6. As time went to the European market, it has now moved down to the 85.3 position. The 4-hour SAR extension point coincides with the MA30 moving average and is now at the 85.5 line. Tonight, it can be judged at the 85.5 position. Oil price strength and weakness....

Jerome-Leon Updated 

The overall trend of crude oil bottomed out yesterday and rebounded. The MA5 position of the weekly line fell back and rebounded, and the middle track of the daily line did not break below. This shows that the market is still strong. In addition, the conflict between Iran and Israel will boost crude oil, so it is good to be bullish. After all, the current...

Jerome-Leon Updated 

Last week, the Asian market opened. Affected by geopolitics in the Middle East, international gold prices opened high and then fell back, causing large market fluctuations. Several Federal Reserve officials will speak this week, and investors will need to pay close attention. From a technical point of view, the international gold price is under heavy selling...

Jerome-Leon Updated 

Real-time crude oil market analysis: Futures crude oil prices are rising slowly, with real-time quotes at 86.8. Let’s first look at the position breaking situation between the hourly upper rail of 87.2 and the hourly lower rail of 85.8. If the position breaks upward, pay attention to the pressure range formed by the 4-hour Bollinger Band upper rail of 87.5 and...

Jerome-Leon Updated 

Gold prices hit a record high on Friday as demand for safe-haven gold surged amid concerns about geopolitical risks in the Middle East and was on track to rise for a fourth consecutive week. Gold prices are expected to rise further as demand for safe-haven assets rises as central banks ramp up asset purchases and investors become increasingly concerned about...

Jerome-Leon Updated 

WTI crude oil prices rose choppily despite a somewhat downbeat inventory report from the U.S. Energy Information Administration (EIA) and a stronger-than-expected March consumer price index (CPI) report (which may further delay the Federal Reserve's first rate cut). The current geopolitical environment continues to provide support for oil prices. Crude oil...

Jerome-Leon Updated 

In terms of technical analysis, gold prices are showing a bullish trend and are expected to challenge all-time highs again. Geopolitical tensions may intensify, pushing investors to turn to gold as a safe haven, thereby helping gold prices resume their sustained upward trend. However, this process may be affected by US PPI data and European Central Bank policy...

Jerome-Leon Updated 

Yesterday, gold had a sharp decline. The Asian market rose slightly, the European market began to fall, and the US market refreshed a recent low of 2,319 US dollars. However, it stabilized and returned to around 2,350 again. Finally, the gold price closed at 2,333 US dollars. The daily line Closed on a negative line. Stronger-than-expected inflation data in the...

Jerome-Leon Updated 

On Wednesday, U.S. CPI was higher than expected, and spot gold fell in the short term, with a minimum of 2,319.34 and a maximum of $2,359.98 per ounce. Gold prices are currently at high levels, with the relative strength index sitting at overbought levels well above 70. In any case, there are certain risks in the current market. The question now is whether gold...

Jerome-Leon Updated 

During the European session on Tuesday, the spot gold market saw significant gains. The price of gold began to rise linearly from around US$2,344/oz, reaching a maximum of US$2,356.81/oz, setting a record high. Gold prices have risen more than 17% since mid-February, a rise that occurred without any apparent trigger, causing confusion among some market watchers....