简体中文
ภาษาไทย
繁體中文
Indonesia
UKOil: low down
2023-05-03
865
Fundamental analysis:
Brent oil remained volatile around 75.221, with exports to China set to hit about 850,000 barrels per day in April, the highest since May 2020, as exports to Europe and other Asian countries fell. In March, U.S. exports to China hit their highest level in two-and-a-half years.
Cloth oil UKOil - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the short-term momentum has fallen sharply at a low level, and the short-term decline may continue. The market as a whole is in a bearish trend. The MACD indicator is in the bearish zone and continues to move downward, and the RSI indicator is in the bearish zone.
Resistance levels: 76.445 77.083
Support levels: 74.572 73.971
Trading strategy: bearish below 75.675, target 74.572 73.971
Alternative strategy: call above 75.675, target 76.445 77.083
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
