Gold Information – On February 11th, the benchmark 10-year U.S. Treasury yield settled at 4.143%, while the more policy-sensitive 2-year Treasury yield closed at 3.452%. Spot gold halted its two-day winning streak. It experienced a brief surge following the release of U.S. retail sales data but quickly relinquished those gains, ultimately closing down 0.74% at $5,022.87 per ounce. Spot silver fell below the $80 mark during the session, finally settling down 3.19% at $80.72 per ounce. As markets await direction from U.S.-Iran negotiations, Russia-Ukraine ceasefire developments, and U.S. economic and crude inventory data, international crude oil prices traded within a range. WTI crude oil touched a low of $63.68 per barrel and ultimately settled down 0.4% at $64.19 per barrel. Brent crude closed down 0.27% at $68.53 per barrel.
Latest Gold Market Trends – The gold market opened yesterday at $5,057.6 per ounce. It initially rose to a daily high of $5,077.2 per ounce, then experienced a strong pullback, reaching a daily low of $4,986.8 per ounce. The price subsequently consolidated within this range, finally settling at $5,024.5 per ounce. The daily chart formed a small bearish candlestick with a slightly longer lower shadow. Following this pattern, today's market is expected to continue within a range, awaiting a breakout. In summary, gold's consolidation continues to test resistance levels. For today's trading strategy, consider prioritizing long positions on pullbacks, with short positions as a secondary approach. Key resistance above is observed at $5,100-$5,350, with support below at $5,000-$4,950.
Latest Crude Oil Market Trends – The U.S. crude oil market opened yesterday at $64.45 per barrel. It first declined to $63.88 per barrel, then staged a strong rally to a daily high of $64.71 per barrel. The price then retreated rapidly, hitting a daily low of $63.66 per barrel, before rallying again towards the close to settle at $64.19 per barrel. The daily chart formed a hammer-like inside bar pattern. This closing pattern suggests crude oil is consolidating with an upward bias. In summary, after recent gains, crude oil is hovering above its moving averages, indicating a potential for further breakthrough. For today's trading, consider prioritizing long positions on pullbacks, with short positions as a secondary tactic. Resistance above is seen at $64.8-$65.6, while support below lies at $63.7-$63.0.
Latest Nasdaq Index Trends – The Nasdaq market opened yesterday at 25,289.68 points. It initially fell to 25,616.6 points before experiencing a rapid rally during the U.S. session to a daily high of 25,362.15 points. The index then pulled back towards the close, reaching a daily low of 25,102.61 points, before a final rally settled it at 25,166.83 points. The daily chart formed a medium bearish candlestick with a slightly longer upper shadow. Following this pattern, the Nasdaq appears to be in a consolidation phase, awaiting a test of direction. In summary, the Nasdaq has stabilized and rallied from lower levels, but faces resistance from moving averages above. The effectiveness of support levels needs monitoring. The trading strategy involves considering both short positions near highs and long positions near lows. Resistance above is watched at 25,357-25,600 points, with support below at 25,100-25,000 points.