简体中文
ภาษาไทย
繁體中文
Indonesia
UKOIL: graphic structure is broken
2022-09-27
1065
Basic analysis:
Frank Pallone, a Democratic representative of New Jersey, joined with eight other Democratic members to propose the so-called Buy Low and Sell High Act. According to the bill, the President of the United States will have the right to designate a portion of the United States Strategic Petroleum Reserve (SPR) to become the so-called "Economic Petroleum Reserve", and give the Department of Energy the power to trade oil in EPR under specific circumstances
UKOIL 4-Hour Chart
Technical analysis:
From the daily chart, we can see that the short-term price has continued to fall sharply, the medium-term graphic structure has declined, the MACD capacity column began to expand under the 0 axis, and the RSI long sleeve has declined. There is a high probability that the short-term oil price will decline again after continuing to rebound.
Empty turning point: 99.00
Resistance level: 105.00 112.50
Support position: 92.00 85.00
Trading strategy: bearish under 99.00, target 92.00, 85.00
Alternative strategy: bullish above 99.00, target 105.00, 112.50
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
