简体中文
ภาษาไทย
繁體中文
Indonesia
UKOil: Continuing to fall
2023-02-23
844
Fundamental analysis:
Brent oil remained volatile around 80.454, and Morgan Stanley lowered its forecast for Brent crude oil prices in the second half of this year and 2024 to reflect the increase in Russian supplies. Forecasts for the fourth quarter and 2024 were lowered from $110 to $95/b, and from $100 to $95 in the third quarter.
Cloth oil UKOil - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the market is shrouded in bearish sentiment, the short-term decline may continue, and there is no sign of stopping, the MACD indicator is in the bearish area and slowly descending, and the RSI indicator is in the bearish area to maintain shocks and move down;
Long and short turning point: 80.652
Suppression: 81.106, 81.604
Support: 80.081, 79.656
Trading strategy: bearish below 80.652, target 80.081, 79.656
Alternative strategy: call above 80.652, target 81.106, 81.604
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
