简体中文
ภาษาไทย
繁體中文
Indonesia
UKOIL: Short selling near 105
2022-07-25
1414
A brief analysis of the fundamentals:
The underlying supply-demand imbalance is business as usual, senior market analyst Jeffrey Halley said in a note. "Oil prices may have peaked, but it certainly doesn't look like they will fall significantly from here unless OPEC and its allies (OPEC+) can Big surprise for everyone.
UK crude oil UKOIL 4-hour chart
A brief technical analysis:
From the 4-hour chart: the short-term price rebounded and weakened again. The medium-term graphic structure was still weak, and the trend line was broken. The MACD volume and energy column continued to shrink on the 0-axis, and the RSI fell slightly. The short-term oil price has a high probability of falling.
Long-short turning point: 109.00
Resistance: 116.00 125.00
Support: 100.00 90.00
Trading strategy: Bearish below 109.00, target 100.00, 90.00
Alternative strategy: bullish above 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 AccessDaily Trading Strategy
Download Now
CM Trade Mobile Application
Economics Calendar
More
