【Dow Jones index USA30】
With the Russia and Ukraine war likely to begin, the U.S. stock market suffered a big jump. Yesterdays Dow Jones index fell by 482 points and 1.46%. The US stock market has fallen for four consecutive trading days at this stage and getting closer to the previous low of 33134. However, the Dow Jones Index once fell the most by 700 points and instead pulled up to become a long lower shadow. This indicates that near this price, there may be a wave of multiple stop losses. From the perspective of technical lines, Alligator shows a death crossover and KD low-end figure show that the selling is actually quite strong. However, there is still a buying support.
USA30 –H4
Resistance 1: 33644/ Resistance 2: 34615/ Resistance 3: 34818
Support 1: 33136/ Support 2: 32063/ Support 3: 30565
【USOIL】
The United States has begun imposing some economic sanctions on Russia. Russia is the world's third-largest oil producer and accounts for 1/3 of Europe's crude oil supply. Therefore, oil prices broke through a new high again yesterday to around $96.5 a barrel. At present, the two-way policy of the United States on crude oil has accelerated the exploitation and production of crude oil in the United States. They have also restored relations with Iran to increase Iran's supply of crude oil. From the perspective of technical lines, the Alligator shows a gold cross and KD also shows a gold cross. This shows that before the geopolitical storm of crude oil has reached a conclusion, investors may want to buy crude oil for fear of continued rise in oil prices.
USOIL – D1
Resistance 1: 95.800/ Resistance 2: 98.000/ Resistance 3: 100.000
Support 1: 94.478/ Support 2: 91.147/ Support 3: 89.239
【XAUUSD】
The Russian president's announcement of the recognition of two separate republics in eastern Ukraine and the subsequent dispatch of peace-keeping tanks exacerbated investors' fears of the risk of war. Gold once again, was strongly supported at $1,914 an ounce. This is near the record high of $1,916 an ounce. It is worth observing that if it is breaks the support below, it shows that the buyer's strength is not as strong as expected.
XAUUSD – D1
Resistance 1: 1900.50/ Resistance 2: 1915.50
Support 1: 1880.80/ Support 2: 1853.50/ Support 3: 1833.00
【BITCOIN】
Bitcoin, which is considered a safe-haven currency, fell by 6.5% when Russian tanks drove to eastern Ukraine. This suggests that investors are still more convinced that gold is a more safe-haven commodity in the face of real risks. Bitcoin has fallen by almost half since 2021 and this indicates the negative correlation between war and virtual currencies. In terms of technical lines, the Alligator show a death crossover and the KD low-end figure show that investors are very unoptimistic about Bitcoin in the short term. The next support point that Bitcoin may encounter is 32896.
BITCOIN – D1
Resistance 1: 44650/ Resistance 2: 45750/ Resistance 3: 52150
Support 1: 39650/ Support 2: 37350/ Support 3: 32950
OneProSpecial Analyst
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