Analysis of gold news: On Monday (March 18), institutional analysts said that on the surface, last Thursday’s retail sales report showed that as the job market began to cool down, credit became more restricted, prices continued to rise, and consumers The eyes are becoming more and more critical. However, initial claims data showed that the number of people applying for unemployment benefits last week remained at historically low levels. The Fed previously cited a strong job market and stubborn inflation as reasons to keep interest rates unchanged for the fifth consecutive time at this week’s meeting. In addition, previous surveys in the Federal Reserve’s Beige Book showed that consumers are increasingly price sensitive. February’s CPI and PPI exceeded expectations for the second month in a row, reflecting a rise in the cost of goods after months of declines, but most economists and business executives expect price pressures to continue to fall, which could help in the short term. Support expenditures.
Today’s gold strategy: It is recommended to focus on low and long callbacks, supplemented by rebounds from high altitudes. Focus on the 2165 first-line resistance at the top and the 2136 first-line support at the bottom.
Analysis of crude oil news: The oil market performed complexly and changeably last week, with the Red Sea shipping crisis attracting attention, and the International Energy Agency’s upward revision of demand expectations exacerbating market volatility. Although WTI crude oil futures fell slightly, they still showed a trend of rising by more than 3.88% in a single week. Brent crude oil futures also fell slightly, but the fluctuation range remained at $80 to $85 per barrel. The International Energy Agency predicts that global oil demand will increase in 2024, but it also warns that if OPEC countries continue to reduce production, supply shortages may occur. In addition, geopolitical issues and central bank monetary policies will also affect future market trends. Analysts have mixed views on the future, with some saying auto fuel supplies may tighten and prices may rise, but on the other hand, the market is concerned about whether the Federal Reserve will be able to deal with high inflation and whether a slowdown in the U.S. economy will affect demand growth. Next week, the market will pay close attention to the monetary policy decisions of the Bank of Japan and the Reserve Bank of Australia, as well as important events such as U.S. housing starts data and the Federal Reserve’s monetary policy decision. These factors will directly affect the future trend of the oil market, and investors should remain vigilant and adjust investment strategies in a timely manner.
Today’s crude oil strategy: It is recommended to focus on rebounding high, supplemented by callbacks low and long. Focus on the first-line resistance of 79.4 at the top and the first-line support of 82.4 at the bottom.
Caution is required in operation and suggestions are provided for reference.
