简体中文
ภาษาไทย
繁體中文
Indonesia
Usoil: rebound is an opportunity to sell short
2022-07-28
1350
Basic analysis:
The U.S. Energy Information Administration (EIA) said that as the price of U.S. crude oil was far lower than the international index Brent crude oil, exports surged to a record high, and U.S. crude oil inventories fell by 4.5 million barrels last week. Data showed that after a sharp decline in the past two weeks, U.S. gasoline demand rebounded by 8.5% in a week;
US crude usoil 4-hour chart
Technical analysis:
According to the 4-hour chart, the short-term price continues to rebound, the MACD energy column shrinks near the 0 axis, the RSI index trend rises slightly, and the probability of continuing to decline after the short-term price rebound is 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
