Gold ups and downs of crude oil hit record lows again

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International spot gold opened yesterday 738.30 U.S. dollars, the highest 763.20 U.S. dollars, the lowest 731.30 U.S. dollars, closing 734.50 U.S. dollars, down 3.00 U.S. dollars, a decrease of 0.42 percent. Shanghai Gold Exchange yesterday, Au (T + D) opened at 162.55 yuan for / g, up to 164.10 yuan / kg and the lowest was 162.07 yuan / kg to close at 163.78 yuan / g, the volume of 4666 kg. Ag (T + D) opened at 2281 yuan / kg highest price 2320 yuan / kg, the lowest price 2278 yuan / kg, the closing price of 2313 yuan / kg to 14,072 kg volume. U.S.: Yesterday, the foreign exchange market, the dollar has dropped out of the big shocks of the market, the dollar index was the lowest test a low of 86.14 positions, the highest touch on the recent high of 87.88, closing at 87.82 position on K received a tip-off Line hatched small, indicating the strong dollar is still invincible, finishing at a high state. Fundamentals, the market announced by the news, the Bank of England minutes released Wednesday showed that the Monetary Policy Committee (MPC) meeting earlier this month, members of the 9:0 through to cut interest rates 150 basis points. In the face of the banking crisis and the continued deterioration of the economic situation, as well as the weakness of commodity prices, the minutes show, MPC to consider even 200 basis points rate cut, but worried that it would lead to a drastic drop in the pound, which constitute upward risks on inflation. The minutes noted that the quarterly inflation report is expected to hint that the central bank benchmark interest rates may need to cut more than 200 basis points in order to achieve the medium-term goal of price stability. The well-known investments Rogers Masters, in a recent interview that although the dollar which is expected to be higher in the short term, so there are still some of the U.S. position. But he made it clear that the dollar is a flawed currency, it will sell the remaining position, in fact individuals have been holding similar views, a huge and widening twin deficits of the national currency should not have such value, but What is more important is the time to grasp the cycle. U.S. Treasury Secretary Paulson said the United States of the world's demand for government bonds is increased in accordance with the financial crisis in the situation, claiming that in the next few months may be growing rapidly, and from the other side of the United States to provide financial support for the positive, more attractive Funds and investors, and then continue to save the market, and enhance mobility. Technically, the U.S. dollar in the current period of shock, is due to the technical side of the consolidation, or can also be interpreted as a demand on the one hand, on the other hand, the monetary fundamentals are not good, so that long-term trend of conflicts into a stalemate. The dollar rose because the United States and the deterioration of the global economic outlook, investors withdrew their capital from commodities and the stock market, as well as high-yielding currencies, such as bonds into the United States has the function of hedge assets. Technical indicators, the average system has been arranged in support of the multi-index, indicating the dollar are still in a good situation, but the top of the short-term pressure can not be ignored, only to cross the suppression of 88.11 dollars after the index will only rise again, the major resistance at the 90 crossings in the vicinity . Oil: Yesterday, international crude oil fell further out of the four new low of Lian Yin trend, the highest intraday price hit 55.34 U.S. dollars / barrel, the lowest lowered to 53.30 dollars / barrel, down 0.77 U.S. dollars, or 1.42 percent, to close at 53.62 U.S. dollars / Barrel. K Line on display, NYMEX 12-month crude closed at yesterday brought under the shadow line of small Line. Yesterday in the Asia time, due to the lack of guidelines for news, oil prices in the narrow range of basic consolidation period overnight decline in New York; European time, oil prices were higher in the dollar slightly lower under pressure, trading in the dollar to drop sharply, driven by the rapid Try for, but increases by 5 average restrictions; New York time, there have been sharp fluctuations in oil prices, set at the beginning, the United States released last week crude oil stocks increased accidents, oil-taking pressure in Europe or the city, after bargain-buying Disk recovery driven by losses from another sharp rise in the dollar's decline under the pressure. Fundamental factors, the U.S. Department of Energy Information (EIA) reported Wednesday that the United States on November 14 the week crude oil inventories increased 1,600,000 barrels per day to 3.135 million barrels, is expected to increase to 800,000 barrels per day. The degree of taking up oil prices down. President of OPEC, said Khalil, OPEC is unlikely in this month's Cairo Conference on production decisions. Iraq's oil minister said yesterday, OPEC should cut further. American Petroleum Institute (API) said Wednesday that as a result of the weak economy affecting energy consumption, the United States in October of crude oil and petroleum products demand over the same period last year dropped 4.1 percent. Technical analysis of the situation: crude oil is now out of the four-Lian Yin, but the decline has been shrinking, might implying long in the power of their savings. Technical level, on the 5th average oil prices continue to pressure, on November 4 since the decline is also good to keep that oil prices may continue to test a low. However, MACD indicators of momentum in the near future has long dominated, and the line speed has been an upward trend in oil prices may point to rebound. At present, investors continued to worry about the prospects for the global economy and oil demand in the near future has been under pressure to oil prices, on the other hand, OPEC may cut to support oil prices, both of which may be in for some time About to become the key to oil prices, short-term pressure on the top of the 60 U.S. dollars / barrel near the bottom in support of the psychological barrier of 50 dollars / barrel. Technical Analysis: International Spot gold soared yesterday after the first out of the market's "roller coaster" market, gold was up quickly to the top 763 U.S. dollars / ounce, on K map shows that the cash payment yesterday to close at hatched on a Small-long Line. Spot gold in Asia, Europe and the City, City time period of more stable trend, basically around 5, 10, 20 on average for fluctuations in a narrow range, volume is relatively flat; New York City time, along with the volume of the amplification, spot gold Made all of a sudden, massive and break up a 30 average, but then suffered a significant downturn in the gold price, to stabilize the ultimate success of the online daily average of 10 and 20 in the side. On fundamentals, oil prices continued to fall yesterday and another new low, reducing inflation and gold as a hedging tool for the attractiveness of gold prices dragged down, while the dollar continued to rise yesterday, making dollar-denominated gold more expensive, but also gold Disadvantage. But in the face of unforeseen financial market prospects of most countries of the central bank to keep the original gold reserves, gold holders and even an increase in volume, a favorable price. Gold consumption by the end of season advent of the traditional use is increasing demand for gold reserves in recent weeks in the London spot market, buying 700 U.S. dollars at the top of the more obvious. In addition, China is on the need to adjust the structure of the disputed reserves that China's huge foreign exchange reserves should increase in the proportion of gold reserves, gold and the current financial crisis because of the apparent trend of China's holdings of gold a good time. In addition, we can see that the gold ETF has always been its holdings in the vicinity of 749 tons, at a relatively high position, not with the gold and sell low, but seen on many of bargain hunting, which still shows There is considerable follow-up to gold investors optimistic about the trend. From the surface of the technology that the 3 consecutive trading days, rising prices have remained at the bottom of the channel, for the time being under pressure at 5 and 20 average. In the aftermath of the recent ups and downs of the changes, Straddle both sides, was extremely cautious. Is still in sideways, 5 and 10 and 20 on average Interlacing bonding between 738 and 735. Technical indicators, MACD at the bottom of the shaft 0 Jin Cha mouth opening up. Jin Cha KD slow opening up, RSI is in neutral indicators of the region, the average bond system to continue to go flat, around 5 gold and 10 long-average volatility, MACD, RSI and KDJ indicators of value in the near show Gold for the time being the direction of the uncertainty, the trend of the market outlook also relies on its U.S. oil and guidelines. Spot gold is expected to continue to fluctuate between short-term resistance at 750 U.S. dollars / oz, 720 U.S. dollars in support. However, gold is currently being set up at the bottom like, and there is strong upward trend, but immediately break 770 U.S. dollars / ounce is also more difficult. Operation: Gold prices fell yesterday Chonggao appear. Investors today can maintain short-term bargain-buying operation, strict risk control, radical type short-term investors can be brought down to near 730 U.S. dollars to buy and effective risk control through 725 U.S. dollars, short-term goal to see in the vicinity of 750 U.S. dollars. Support for the position: 730 715 resistance: 750 770. Shanghai Gold investors can be 163 yuan / kg buy, effective through 162 yuan / kg risk control, the goal to see 165 yuan / kg.