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USOIL: The downlink is smoother

2022-08-02
1363
Fundamental analysis:

At the beginning of the Asian market, US oil is now reported to $ 94.08/barrel; oil prices have fell over 4%on Monday, which has been helped that the manufacturing data of many countries have weakened and affect demand prospects. This week's supply conference of OPEC and its oil -producing allies is prepared.

US crude oil USOIL 4 -hour chart


Technical analysis:

4 -hour chart: The price fell rapidly yesterday, the amount of MACD energy column 0 axis, the RSI indicator weakened, and the short -term price continued to decline.

Multi -time turning point: 109.00

Resistance level: 115.00 122.00

Support bit: 102.00 93.00

Trading strategy: Watch the decline under 109.00, target 102.00, 93.00

Alternative strategy: Bullies on 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.

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