简体中文
ภาษาไทย
繁體中文
Indonesia
The decline of inventories restrained the spread of oil prices, and the US dollar continued to fall against the Canadian dollar
2022-05-26
915
Fundamental analysis:
WTI crude oil futures for July delivery rose $0.56 to settle at $110.33 a barrel. Crude oil prices rose after the US government report showed that crude oil inventories fell, but the slowing down of inventories and the acceleration of refinery production restrained the rising momentum of oil prices;
USD / CAD # daily chart:
Technical analysis: the daily moving average began to be empty, and the exchange rate fell again after a slight rebound. MACD operated on the 0 axis, but the volume could continue to shrink, and RSI weakened slowly. It is expected that the short-term exchange rate probability will rise further after correction.
Long short turning point: 1.2750
Resistance level: 1.2890 to 1.3030
Support position: 1.2630 to 1.2480
Trading strategy: above 1.2750, bullish, with target prices of 1.2890 and 1.3030
Alternative strategy: below 1.2750, bearish, with target prices of 1.2630 and 1.2480
The above analysis is a personal point of view and is for reference only.
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.
Free AccessDaily Trading Strategy
Download Now
CM Trade Mobile Application
Economics Calendar
More
