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Scott Sheffield, CEO of Pioneer Natural Resources, a major US shale oil producer, stated at the CERAWeek energy conference held in Texas this week that oil prices have hit bottom and could surge 17% by summer. In an interview, Sheffield said that over the past year ending in December, US production growth was only about half of what was expected and the industry...

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Crude oil market trend analysis: Crude oil is still in a volatile state, with a bearish close this week but the body of the candlestick did not break through the support level. Therefore, a bullish close is not ruled out next week, and a long position with a bias towards the downside can be considered. The weekly support is around 75.6, with resistance around 80,...

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Before entering the market, we knew about the Pareto principle in the trading field. But after studying it for a while, you may enter the market with confidence, thinking that trading is not that difficult and that you are superior and can beat the so-called "housewives." This is the human tendency to overestimate oneself and be overconfident. After entering the...

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Yesterday's long positions in crude oil yielded good profits, and after taking profits, crude oil experienced a temporary decline. Currently, the medium to long-term strategy for crude oil is still biased towards long positions. The chart shows two support levels and two possible trends. Aggressive traders can go long now, but they should be mindful of their...

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Bitcoin perfectly matches the previously mentioned bearish trend, and it led everyone to catch the short at the highest point. Congratulations to those who held their short positions. Currently, Bitcoin has broken through the neckline of the top formation, and the downside space is officially opened. The market is expected to continue to maintain a high short...

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When it comes to investing, many individuals who are not actively investing tend to ponder over what lucrative projects are available when seeing others making profits. However, once they start investing, they all hold a belief that they will profit, which can lead to a problematic attitude when facing losses that differ from their original expectations. Investing...

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Today, the 4-hour Bitcoin market is oscillating near the lower band and showing an upward trend. The green energy column is oscillating in the lower band and has a wave of stretching. Both the MACD and BOLL are oscillating in the lower band. Currently, the overall market is expected to continue to decline. Therefore, considering the overall situation, the...

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Don't fantasize that every transaction will be perfect. Profits and losses need to be balanced, gains and losses need to be felt. Investing in the market is like traveling, always in a hurry, with so much confusion and hesitation. Only by calming down can you dispel the clouds that shroud your eyes and quietly savor a cup of tea, and then you will find that many...

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The greatest adversary of a trader is not the market, nor the constantly changing market trends, but rather ourselves. Therefore, today I will share my trading experience and explain the five most difficult demons to overcome in our trading journey. 1.The first demon is greed. Greed is the biggest demon in trading. Where there is greed, there is an abyss. It...

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Pushed lower by Powell's hawkish comments on Tuesday, the euro/dollar pair experienced a significant decline, but then found support near the February low and began to rebound moderately. If the price continues to recover, the initial resistance will be around 1.0690. Further strength will shift market focus to the psychological level of 1.0800. Conversely, if...

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Do not be deluded into thinking that every transaction will be perfect. Profits and losses need to be balanced, gains and losses need to be felt. Investing in the market is like traveling, always in a hurry, with so much confusion and hesitation. Only by calming down can we dispel the clouds that obscure our vision and quietly enjoy a cup of tea, and only then...

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Federal Reserve Chairman Powell's language about raising interest rates released during the semi-annual congressional hearing resulted in a sharp increase in the value of the US dollar, causing non-US currencies to plummet, and causing the Bitcoin price to potentially test the 20,000 level again. In terms of news, the cryptocurrency market is still affected by...

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In the context of a higher interest rate environment, the EUR/USD is trending towards recent highs. However, the USD was boosted by the Fed's speech yesterday, resulting in a sharp pullback in the EUR/USD. Currently, there is support at the previous retracement level, which is indicated by the black line in the chart. This support level is relatively strong and...

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Recently, crude oil has experienced a major pullback and is currently in a phase of rebound and volatility. Yesterday's market surged and fell back, and at one point fell to around 77.00. Currently, it has stopped falling and rebounded. From the attached chart below, it can be clearly seen that there have been signals of bullish players laying out their positions...

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What is the impact of non-farm data on the gold market? Non-farm data actually consists of two sets of data, the major non-farm data and the minor non-farm data. As these two sets of data reflect the development of the US economy, they not only affect the US dollar index but also often impact the ups and downs of the gold market. Good non-farm data indicates a...

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Bitcoin approaches a key level and may experience a short-term rebound. Bitcoin continued its previous decline within the day and is currently approaching the lower support level. A short position may be taken when it touches this level. It is recommended to buy Bitcoin at 21400 with a stop loss at 20800 and a target range of 22600-23400. The Bitcoin chart shows...

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The price of gold remained relatively stable intraday with a slight increase, as the previous bearish momentum has not yet been fully released. After a rebound in gold, it is recommended to consider short selling at high levels. The chart shows a 4-hour gold price trend. There are several reasons for bearish sentiment towards gold: Gold consolidated...

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On Wednesday, the data was bullish, but crude oil did not rise. After a weak rebound, it continued to decline. The market has already released most of its downward pressure here, and it is highly likely that it will rebound from here. If it falls directly to 75.50 without rebounding, it may be considered for a low long position. Friends who have long positions...