The oil distribution remained around 104.891, and the natural gas storage facilities in Germany were filling up faster than planned. It is expected that the largest economy in Europe will avoid serious natural gas shortage in this winter. Serious clashes broke out in the Libyan capital last weekend. The market is worried that there will be a new interruption in crude oil supply.
Oil distribution ukoil - 4-hour K-line diagram shows:
According to the 4-hour chart, the bull power keeps moving upward in a step like manner, the short-term bullish sentiment is still in the market, the overall bull trend of the market is good, the MACD indicator is in the bull region, and the RSI indicator is in the bull region, and the consolidation is slow and upward;
Long and short turning point: 104.241
Pressing position: 105.876, 106.820
Support position: 103.292, 102.402
Trading strategy: bullish above 104.241, target 105.876, 106.820
Alternative strategy: bearish below 104.241, target 103.292, 102.402