UKOil: High level earthquake
The oil distribution remained volatile near 94.592. The World Bank warned that any plan would only work if the emerging market economies actively participated. Russia has previously said that it will not trade with countries participating in the price ceiling.
Oil distribution UKOil – 4-hour K line diagram shows:
The 4-hour chart shows that the power of high bulls keeps moving up, the short-term bullish mood remains unchanged, the market bulls continue to move up, the MACD index hovers on the top of the 0 axis, and the RSI index is in the 50 balanced online weak sorting;
Empty turning point: 94.205
Pressing: 95.344, 95.921
Support: 93.562, 92.820
Trading strategy: bullish above 94.205, with goals of 95.344 and 95.921
Alternative strategy: bearish at 94.205, with goals of 93.562 and 92.820
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