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Ukoil: go down as scheduled, the rebound continues to sell short

2022-08-07
1308
Fundamental analysis:

Australian Federal Bank analyst Vivek Dhar said that several factors are affecting the prospects of demand, including the decline in the European and American economic decline and the debt dilemma of emerging market economies. "

British crude oil ukoil 4 hours chart


Technical analysis:

Looking at the 4 -hour chart: The short -term price continues to be weak, the intermediate graphic structure turns short, the MACD capacity column 0 reduces the amount, the RSI rebound is still weak, and the probability of the short -term oil price is sufficient to continue to decline.

Multi -time turning point: 101.10

Resistance level: 107.55 114.77

Support bit: 94.40 87.00

Trading strategy: Watch the fall under 101.10, target 94.40, 87.00

Alternative strategy: Bullies above 101.10, target 107.55, 114.77

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.

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