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Ukoil: low multi head pull up

Fundamental analysis:

Oil distribution remained volatile around 92.258. The EU held an emergency energy meeting and proposed temporary emergency intervention measures, including setting a ceiling on natural gas prices, but failed to decide whether to impose a price ceiling on Russian natural gas.

Oil distribution ukoil - 4-hour K-line diagram shows:

Technical analysis:

According to the 4-hour chart, the low-level Bulls' momentum maintained a choppy rise, the short-term bullish sentiment began to enter the market, the MACD index remained in the short area and moved upward, and the RSI index hovered on the 50 equilibrium line;

Long short turning point: 91.624

Pressing position: 93.444, 94.542

Support position: 90.243, 88.829

Trading strategy: bullish above 91.624, target 93.444, 94.542

Alternative strategy: bearish below 91.624, target 90.243, 88.829

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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