CM Trade

Download APP to receive bonus

GET

Ukoil: Select the opportunity to continue short

2022-07-11
1299
Fundamental analysis:

In the context of the latest judgment of the fund manager, the pressure of economic slowdown has increased, bringing heavy pressure on oil prices. The international oil price has continued to adjust from a high level for three weeks. From the perspective of analysts, after the international oil prices are further adjusted in the short term, under the tight pattern of global energy supply, the high fluctuations of oil prices around the high center will continue.

British crude oil ukoil 4 hours chart


Technical analysis:

4 hours of diagram: The short -term exchange rate continues to rebound up, but the intermediate graphic structure weakens, and the trend line is dilapidated. The MACD volume energy column shrinks to the axis of 0. The RSI rises slightly. After the short -term rebound, the probability of weakening is greater.

Multi -time turning point: 109.00

Resistance level: 116.00 125.00

Support bit: 100.00 90.00

Trading strategy: Watch the decline under 109.00, target 100.00, 90.00

Alternative strategy: Bullies on 109.00, target 116.00, 125.00

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.

Free Access
Daily Trading Strategy
Download Now

CM Trade Mobile Application

Economics Calendar

More