简体中文
ภาษาไทย
繁體中文
Indonesia
Oil prices soar as EU sanctions reach agreement
2022-05-31
689
A brief analysis of the fundamentals:
On Monday (May 30), the President of the European Council claimed that the EU had reached an agreement on embargoing Russian oil, and WTI crude oil opened up more than 2% at $117.35 per barrel. In addition to tight supply pushing up oil prices, the recent recovery in risk appetite in financial markets has also contributed to the strong performance of oil prices, which also makes investors more optimistic about the outlook for oil prices. There is no obvious short-term negative risk, and the basic judgment of maintaining a strong oil price is maintained.
US crude oil USOIL 4-hour chart
A brief technical analysis:
From the 4-hour chart, oil prices opened higher and moved higher, the short-term trend was strong, the MACD red column increased, the RSI indicator was flat, and the probability of continuing upward within the day was high.
Long-short turning point: 115.00
Resistance: 118.00 122.00
Support: 111.00 107.00
Trading Strategy: Bullish above 115.00, target 118.00 122.00
Alternative strategy: Bearish below 115.00, target 111.00 107.00
The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.
CM Trade Mobile Application
Economics Calendar
More
