Xue Yihan: Is The Market Ready To Meet The Bulls?

Spot silver prices on Monday after the new low, ushered in the first mild callback of the market, recently spot silver highest rush to 3557, in the absence of information, maintain in the 3480-3550 interval swing, Xue Yihan think this interval consolidation for investors is absolutely good to do a single machine meeting, so on the Silver Road want to burst on the long road, always momentum does not lead to the final down 3510 first-line repair.

　　 news On the face of it, last Wednesday, Federal Reserve Chairman Yellen announced details of the exit strategy, keeping the original interest rate forward-looking guidelines unchanged. The Fed said it would stop reinvesting its maturity bonds after raising interest rates for the first time. The federal funds rate will remain the main interest rate for the fed to deliver monetary policy. When the Fed raises interest rates for the first time, it will raise the target area of the federal funds rate. From the current speech, the Fed seems to be in a dilemma. The reason behind it is that the unusually strong performance of the US dollar may not be conducive to inflation in the US. At the same time, it also inhibits the profits of the US multinational companies and is not conducive to solving the two major problems of employment and wages. This has also led to the very rare Federal Reserve officials' comment on the US dollar exchange rate. But on the other hand, the Federal Reserve is at the critical moment of exit and dare not cool the interest rate expectations, because this will lead to the rise of the financing cost of the market and reverse the economic growth trend of the US. Xue Yi Han believes that the two major focus today is undoubtedly the GDP data and the statements of many officials of the Federal Reserve. Due to the intensive statements made by many heavyweights this week, the market tries to find the direction of future monetary policy.

Secondly, geopolitical side, the United States and its allies in Arabia launched a series of attacks on ISIS (Islamic Republic of Iraq and Lebanon) on Tuesday (September 23rd), and the fighters and bombers and missiles were used in the attack. This military action is part of Obama's strategy to combat ISIS. It can be said that the IS air raid is officially launched, so Xue Yi Han believes that this is also one of the important factors that will impact the market in the near future.

Technical aspect analysis:

from technology 面上看，现货白银在近期消息面匮乏的情况下依然走出很好的行情，而：金九银十“一说法更是让我们完全看到了银价在九月份所给出的潜能量，至于这股力量能够够保持到什么时候，能够发挥到具体哪个极致的高度或极致低点，仍然需要市场动向给与检验，那么首先从日线上看，昨日银价收小阳线，布林带有开口迹象，常见的几个技术指标仍然勾头向下，薛依涵认为这一方面说明银价的大趋势依然偏空未改，白银价格的大翻身还需要多头力量的完美刺激，其次，4小时上看，短周期的银价似乎进入了盘整，而指标方面暂时都是暂露头脚，虽然透漏出来向上迸发的讯号，但力度始终是不够强的，这一点确实是在等待着好的消息面给与刺激，再次我们看1小时线，布林带自昨日起开始了很明显的整箱运动，银价在3480-3550区间的摆动很是吃力，处于上下两难境地，而各指 It is intended to show that the critical moment of the air to air confrontation has arrived, and Xue Yi Han believes that it is a time for investors to be cautious. It can be said that after such a long period of short selling, silver prices will continue to cry out in order to save the market. The trend will be more and more clear in the near future. What we can see is that silver dropped more than 250 points on Monday this week. The main funds have a very strong purpose. Basically, the Fed's hawkish style is also very much in line with the intention of the main force. A large number of bulls are forced to liquidate their positions or directly blow up the warehouse, and backhand chasing empty space, which also brings great disaster to investors. The labels are beginning to appear adhesive. Xue Yi Han's pressure on the top 3570-3585, underneath support concerns 3510-3500. Secondly That is the support of the 3480 pass.