01/21 Market reprot

【Dow Jones Index USA30】

Global markets have been watching for higher U.S. Treasury yields. Corporate financial statements and inflation data this week.

Yesterday's technology stocks were sniped and the Dow Jones index fell. Today, the US stock market fell deeply and rebounded. This drove the KD to a low-end figure in H4. Although the death cross opening of Alligator was quite large, it also began to shrink because of this wave of rebound.

The key point is whether this rebound is able to break through the high of 35567. However, the overall bearish pattern has not changed.

USA30 –H4

Resistance 1: 35635 / Resistance 2: 35768 / Resistance 3: 35941

Support 1: 34659 / Support 2: 34161 / Support 3: 33800

【GBPUSD】

Britain's Consumer Price Index (CPI) rose 5.4 percent in December. This biggest gain in 30 years, raised expectations for a rate hike from the Bank of England (BOE). With the leadership of Prime Minister Johnson challenged, the gains were not as strong.

The pound sterling was pulled back slightly by the line of KD death cross. A rising K stick made the opening of the KD death cross narrow. If it shows a golden cross like the Alligator at this stage, it would make the overall technical analysis very strong.

GBPUSD – D1

Resistance 1: 1.35200 / Resistance 2: 1.35800

Support 1: 1.34780 / Support 2: 1.33750 / Support 3: 1.32780

【XAUUSD】

Looking at the CFTC's data, it can be seen that the net long orders of large investors in the recent month have continued to reduce. This indicates that the large investors in the markets still have doubts about the future trend of gold.

However, from the daily technical analysis of gold, there seems to be a line that breaks through the triangle convergence. This shows that the market's buying force is still very strong. The current gold is standing at 1800USD per ounce and waiting for a follow-up if the large investors turn back to buy. Investors are advised not to trade against the trend.

XAUUSD – D1

Resistance 1: 1865.50 / Resistance 2: 1875.80

Support 1: 1832.20 / Support 2: 1814.50 / Support 3: 1789.50

【USOIL】

Oil prices have not risen to more than $100 a barrel since 2014. The Bloomberg analysis shows that whether oil prices can stand on the $100 mark will depend on two major factors. One is whether the US shale oil industry will spend money to increase production and thereby curbing the rally. 

Crude oil prices continue to challenge the highest price and the technical line is quite strong. Not only is the Allligator at golden cross, KD is also in the high-end figure. The technical line is not easily changed in the short period.

USOIL – D1

Resistance 1: 87.180 / Resistance 2: 87.800

Support 1: 85.120 / Support 2: 82.800 / Support 3: 81.820

OnePro Special Analyst

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