简体中文
ภาษาไทย
繁體中文
Indonesia
UKOil: Narrow finishing
2023-05-11
847
Fundamental analysis:
Brent oil remained volatile around 76.606. The U.S. EIA crude oil inventory for the week to May 5 was 2.951 million barrels, expected to be -917,000 barrels, and the previous value was -1.281 million barrels. In the United States, the EIA crude oil inventory in Cushing, Oklahoma, in the week to May 5 was 397,000 barrels, compared with the previous value of 541,000 barrels.
Cloth oil UKOil - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the short-term narrow-range order shifts, the market's short-term sentiment gradually emerges, the short-term decline may continue, the MACD indicator is hovering weakly above the 0 axis, and the RSI indicator is weakly ordering above the 50 balance line;
Resistance levels: 77.796 78.676
Support levels: 75.815 75.031
Trading strategy: bearish below 76.915, target 75.815 75.031
Alternative strategy: call above 76.915, target 77.796 78.676
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
