To The Moon

will crude oil be boosted, thus bottoming out? The sharp fall in oil prices on Wednesday night fell below many important supporting technical positions, and many of them are important supporting in the medium and long term. Originally, if the news was coordinated, the Iranian nuclear deal negotiated and Iran returned to the crude oil market, then the biggest negative factor of oil price would be released, and falling down would be an important bargain-hunting opportunity. Unfortunately, the oil price rebounded sharply last Friday night. The news is that the Iranian nuclear deal continues to be blocked and has not yet been finally negotiated. At present, such a rebound can only belong to the price reversal after breaking the position. If the Iran issue can be settled, last week's low point will easily be broken down, looking for a new equilibrium point for oil prices. At present, the CPI data will only boost the volatility of oil prices, but it cannot determine the short-term direction. The Iran agreement is the most important event. I hope that no matter whether it is negotiated or not, we can draw a conclusion quickly and set the tone for the subsequent trend. Of course, it needs to be reiterated here that crude oil is still the best fundamental variety in the current commodity market, and falling down is a good bargain-hunting opportunity. The trend of precious metals At present, the trend of precious metals is quite subtle, and it is expected that it will take two more weeks to get a clearer conclusion of the trend. Initially speaking, the current gold price is in the lower chord of the price range of 1700-2000 in recent 20 months, and it is in the technical state of medium and long-term level. Simply put, it's good not to break through downwards. Once you break through downwards, the trend of precious metals will be as ugly as it is. I will observe for another two weeks and elaborate with you, and then I will draw up some strategies for your reference. In a word, as long as the price of gold falls, other precious metals will not have a good life, so remember. $E-mini Nasdaq 100 - main 2212(NQmain)$ $E-mini Dow Jones - main 2212(YMmain)$ $E-mini S&P 500 - main 2212(ESmain)$ $Gold - main 2212(GCmain)$ $Light Crude Oil - main 2210(CLmain)$