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:
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