On Monday, it continued last week's **trend, the day fell downward, almost not too big**, from the morning around 2046, all the way slowly to around 2016, the day fell 30 US dollars, although there was a ** in the middle of the day, however, the direction did not change.
So, what should we think today?
First of all, let's take a look at the impact of yesterday's market news, one is that Fed Governor Bowman came out to speak, saying: the upside risk of inflation still exists, and it is not the right time to cut interest rates. If inflation progress stalls or reverses, there will continue to be a willingness to raise policy rates at future Fed meetings. This speech directly poured cold water on the interest rate cut wave, and the expectation of interest rate cut cooled, ** directly all the way to the 2016 low, which is also a large intraday unilateral decline in the near future. It is expected that this sentiment will continue, and it will be difficult to be bullish.
In addition, that is, we see that although last night although upward**, but still low closing line, the **trend did not form a substantial reversal, is still in the descending channel line, therefore, from the direction of view, the bears still dominate, then, **, we are more concerned about the breakthrough of the large upper resistance level, that is, **breakthrough there, this** has come to an end, today we have to pay attention to 2046, but also yesterday's starting point position, if it is stood again, then, there is no doubt that this** However, until there is a breakout, we continue to look at the idea of keeping bearish, so today, then we should know how to do it?