简体中文
ภาษาไทย
繁體中文
Indonesia
The supply and demand situation in the international oil price market remains tense
2022-06-07
1014
Fundamental analysis:
Crude oil remained volatile around 120.281, and international oil prices rose as Saudi Arabia raised the physical price in July. This shows that even after the organization of Petroleum Exporting Countries and its allies (opec+) agreed to expand production in the next two months, the market supply and demand situation is still tense.
Crude oil usoil - 4-hour K-line diagram display:
Technical comments: the upper rail section of the Bollinger belt index channel continues to fluctuate and rise, and the Bollinger belt index is in the closing trend. MACD index is in the consolidation of the bull region, and RSI index is in the weak position of the region above the 50 bull equilibrium line;
Multi empty turning point: 118.516
Pressing position: 120.257, 121.606
Support position: 117.123, 115.943
Trading strategy: bullish above 118.516, target 120.257, 121.606
Alternative strategy: bearish below 118.516, target 117.123, 115.943
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
