简体中文
ภาษาไทย
繁體中文
Indonesia
Usoil: rebound continues to sell short
2022-07-29
1339
Basic analysis:
Oil prices were mixed on Thursday, as concerns that a global recession would hit energy demand offset the decline in U.S. crude oil inventories and the rebound in gasoline consumption.
US crude usoil 4-hour chart
Technical analysis:
According to the 4-hour chart, the short-term price rebounded and weakened again, the MACD energy column contracted near the 0 axis, the RSI index trend was sorted out in a narrow range, and the probability of continuing to decline after the short-term price rebound was large.
Long short turning point: 109.00
Resistance level: 115.00 122.00
Support position: 102.00 93.00
Trading strategy: bearish below 109.00, target 102.00, 93.00
Alternative strategy: bullish above 109.00, target 115.00, 122.00
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
