Hot spot tracking

  • The United States confirmed the sale of 15 million barrels of strategic oil reserves, Biden called on oil companies to suspend stock buybacks
  • EIA crude oil inventories unexpectedly fell by nearly 1.73 million barrels, strategic oil inventories fell to the lowest since June 1984
  • U.S. diesel stocks only enough for 25 days

Product Hot Comment

  • Forex
    On Wednesday (October 19), the U.S. dollar index rose 1% to the 113 mark and closed up 0.776% at 112.92. EUR/USD fell by nearly 1% and fell below 0.98; USD/JPY further approached the 150 mark, hitting a 32-year low for three consecutive days this week; GBP/USD fell more than 100 points and once fell below 1.12.
    📝 Review:The dollar rebounded from a two-week low on Wednesday as the yield on the benchmark 10-year U.S. Treasury note rose to a 14-year high, while the pound weakened after data showed UK consumer price inflation beat expectations, exacerbating the economic downturn in the UK. Fears of a deep recession.
    🕵️ Operation suggestion:go long GBP/USD at 1.12078, target price 1.14245
  • Gold
    Spot gold fell below $1630/oz from above 1654, the first time since September 28, and closed down 1.41% at $1629.19/oz; spot silver closed down 1.66% at $18.46/oz.
    📝 Review:Gold prices fell more than 1 percent on Wednesday to a three-week low, as the dollar and U.S. Treasury yields rose and the prospect of aggressive interest rate hikes by the Federal Reserve further weighed on the gold market. Spot gold fell 1.5 percent to $1,627.81 an ounce, after hitting its lowest since Sept. 28 earlier in the session.
    🕵️ Operation suggestion:go short at 1627.53, the target price is 1620.49
  • Crude Oil
    Crude oil rose as Biden's remarks failed to reassure markets. WTI crude oil rose 3% to hit $86 a barrel, while Brent crude climbed to $93 a barrel. As of the close, WTI crude oil closed up 2.01% at $85.88 per barrel, while Brent crude oil closed up 1.37% at $92.34 per barrel. U.S. natural gas futures for October fell nearly 5%, hitting a nearly 3-1/2-month low for four straight days. European benchmark Dutch TTF natural gas futures fell 5%, hitting a four-month low for five straight days.
    📝 Review:Oil prices rose on Wednesday as caution over tightening supply offset uncertain demand and the U.S. will release more crude from its reserves.
    🕵️ Operation suggestion:go long at 84.455, the target price is 86.129
  • Indice
    US stocks opened lower and closed lower, the Dow closed down 0.33%, the Nasdaq closed down 0.85%, and the S&P 500 closed down 0.67%. Netflix closed up about 13% after the results.
    📝 Review:US stocks opened lower and closed lower, the Dow closed down 0.33%, the Nasdaq closed down 0.85%, and the S&P 500 closed down 0.67%. Netflix closed up about 13% after the results.
    🕵️ Operation suggestion:go short The Nasdaq index at 11028.600, the target price is 10826.900

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