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Ukoil: long or continue to push

2022-08-25
1338
Basic analysis:


Although the current valuation of the US dollar is not low, according to the quantitative model, the US dollar will further strengthen as the growth prospects deteriorate. The dollar has benefited from the recent rise in implied volatility; The preferred financing currencies are euro, SEK and NZD. Cross - domain risk adjustment and actual arbitrage are the best strategies this year


UK crude oil ukoil 4-hour chart


Technical analysis:


According to the 4-hour chart, the short-term price continues to rebound, the medium-term graphic structure starts to turn more, the MACD energy column continues to release on the 0 axis, and the RSI is finishing and attacking. The probability of the short-term oil price continuing to rebound is large.


Long and short turning point: 101.10


Resistance level: 107.55 114.77


Support position: 94.40 87.00


Trading strategy: bullish above 101.10, target 107.55, 114.77


Alternative strategy: bearish below 101.10, target 94.40, 87.00

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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