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Squids are crazy in the Middle East, coking coal double bottoms are delayed and low
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Decision Analysis]: Squid is in a state of madness in the Middle East, coking coal double bottoms are delayed to low-floor". Hope it will be helpful to you! The original content is as follows:
The US dollar index market consolidated the range last week. At the beginning of the week, the market fell first and gave the weekly low of 97.86, and then the market rose strongly. The weekly line reached the highest position of 98.112 and then the market fell on Friday. After the weekly line finally closed at 97.61, the weekly line closed with a spindle pattern with a lower shadow slightly longer than the upper shadow line. After this pattern ended, the US dollar index market was under pressure to continue to fall this week.
The Shanghai copper market opened at 80378 last week and then fell first. The weekly line was at the lowest point of 79479 and then the market rose strongly. The weekly line reached the highest point of 81360 and then the market consolidated. After the weekly line finally closed at 80810, the weekly line closed with a spindle pattern with a lower shadow line longer than the upper shadow line. After this pattern ended, the stop loss of 80,000 more than 80,000 this week, and the target was 81,000 and 81350 and 81550.
The rebar 01 market opened at 3147 last week and then rose slightly. The market quickly fell. The weekly line was at the lowest point of 3076 and then rose at the end of the market. After the weekly line reached the highest point of 3120, the weekly line reached the highest point of 3120.The hammer head pattern with a long shadow line closed, and after the end of this pattern, the 3095 long stop loss this week is 3075, and the target is 3156 and 3200 and 3230
The corn 11 market opened at 2232 last week and the market rose slightly, and then the market fell. The daily line was at the lowest point of 2193 and then the market consolidated. The daily line finally closed at 2196 and then the market closed with a large negative line with a slightly longer upper shadow line. After this pattern ended, the weekly line was yin and yang, and the market failed to break through the pressure. At the point, the short stop loss of 2235 this week was 2215, and the target was 2190, and the break below was 2170 and 2160 left.
The soybean meal 01 market opened at 3071 last week and then the market first rose to 3095. Then the market fell strongly. The weekly line was at the lowest point of 3055 and then the market rose strongly. The weekly line reached the highest point of 3099 and then the market consolidated. The weekly line finally closed at 3066 and then the market ended with a cross star pattern with an upper shadow slightly longer than the lower shadow. After this pattern ended, the short stop loss of 3095 this week at 3080, and the target below is 3055, and the price fell below 3030 and 3010.
The coking coal 01 market opened at 1164.4 last week and the market fell first. The weekly line was at the lowest point of 1100.5 and then the market rose strongly. The weekly line reached the highest point of 1173.4 and then the market consolidated. The weekly line finally closed at 1161.5. The weekly line closed with a very long lower shadow line. After this pattern ended, the weekly line was 1135 and the stop loss was 1115 this week, and the target was 1165 and 1175 and 1200-1220.
PTA01 market opened at 4656 last week and then fell back first. Then the market rose strongly. The weekly line reached the highest position of 4716 and then the market consolidated. The weekly line finally closed at 4672 and then the market closed in an inverted hammer head with a long upper shadow line. After this pattern ended, the target below 4695 short stop loss of 4710 this week is 4672 and 4650 and 4630.
Raise Meal 01 market opened at 2547 last week.After setting the market first, the market will first pull up and then the market will fall. The market will be adjusted. In the morning of Friday, the weekly line will reach the highest position of 2573 and then the market will fall strongly at the end of the trading session. The weekly line will finally close at the position of 2503 and then the market will be consolidated. After the weekly line finally closes at the position of 2525, the weekly line closes in a spindle pattern with an upper and lower shadow line equal to the length of the upper and lower shadow line. After this pattern ends, the 2555 short this week Loss 2575, the target below is 2525, and 2500, and the break below is 2485 and 2470.
Basics, last week's fundamentals data showed that the US Bureau of Labor Statistics data slightly exceeded expectations, with the overall CPI monthly rate recording 0.4%, a new high since January, higher than market expectations and 0.3% of the previous value, and an annual rate recording 2.9%, in line with market expectations, up from the previous value of 2.7%. The monthly and annual rates of the core CPI are both in line with expectations and remain stable. After the data was released, traders were more determined to be on the Fed's interest rate cut, fully priced at the Fed's three interest rate cuts by the end of 2025. Interest rate futures pricing reflects bets that the Fed will cut interest rates by four consecutive 25 basis points by January next year. In the Middle East, Israel launched an air strike on Doha, the capital of Qatar, with targeting Hamas' top leaders. The attack killed six people, including five Palestinians, including the son of Khalil Haya, a senior Hamas official, and a Qatari security staffer. Israeli Prime Minister Netanyahu said that the action is carried out independently and is responsible. This has made the Palestinian peace process promoted by the United States fail. After all, the Palestinian top leaders who went to negotiate were moderates within it, and the target of the air strikes was a neutral country in the Middle East. The xmaccount.complete set of American equipment did not play a role, which ruined the United States' reputation in the Middle East. The prices of safe-haven goods such as gold and silver will be further pushed up under the change. The fundamentals of this week are mainly focused on the US New York Fed Manufacturing Index at 20:30 on Monday. On Tuesday, we focused on the euro zone's September ZEW economic prosperity index and the euro zone's July industrial output monthly rate at 17:00. At 20:30 US session, the monthly retail sales rate in August is expected to be 0.3% in this round and the previous value is 0.5%. Look later on, the US industrial output monthly rate in August at 21:15 and the US September NAHB real estate market index and the US July xmaccount.commercial inventory monthly rate. On Wednesday, we will pay attention to the final value of the euro zone's August CPI annual rate at 17:00. The US market will see the annualized number of new houses started in August in the United States and the total number of construction permits in August in the United States. Look later at 22:30 U.S. to September 12 week and U.S. to Cushing, Oklahoma, crude oil inventories and U.S. to September 12 week and U.S. to September 12 week. At 2:00 a.m. Thursday, we followed the Fed FOMC's announcement of interest rate resolution and economic expectations summary. This round of interest rate cuts are expected to be 25 basis points. If the rate cut is greater than expected, gold and silver will have a strong pull-up process. I will see that Federal Reserve Chairman Powell holds a monetary policy press conference later. Watch the UK from 19:00 in the evening until September 18The Bank of Japan's interest rate determines that the U.S. market will see the number of initial unemployment claims for the week from 20:30 to September 13 and the U.S. Philadelphia Fed Manufacturing Index in September. Then look at the US Chamber of xmaccount.commerce leading indicator monthly rate at 22:00. Watch the Bank of Japan announce its interest rate decision on Friday. At 14:30, the Bank of Japan Governor Kazuo Ueda held a monetary policy press conference.
In terms of operations, Shanghai Copper has been continuously: 80,350 stop loss this week, 80,000 stop loss this week, 81,000 and 81,350 and 81,550.
Rebar 01: 3095 stop loss this week, 3075 stop loss this week, 3156 and 3200 and 3230
Corricane 11: 2215 short stop loss this week, 2235 stop loss this week, 2190, 2170 and 2160 leave.
Soybean meal 01: 3080 short stop loss this week 3095, the target below is 3055, and the target below is 3030 and 3010.
Coking coal 01: 1135 long stop loss this week 1115, the target is 1165 and 1175 and 1200-1220.
PTA01: 4695 short stop loss this week 4710, the target below is 4672 and 4650 And 4630.
Rapeseed Meal 01: 2555 short stop loss this week 2575, the target below is 2525, and 2500, and the drop below is 2485 and 2470.
The above content is all about "[XM Foreign Exchange Decision Analysis]: Squid is crazy in the Middle East, coking coal double bottoms extend to low long" is carefully xmaccount.compiled and edited by the editor of XM Foreign Exchange. I hope it will be helpful to your trading! Thanks for the support!
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