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UKOil: pull up low
2022-12-14
928
Fundamental analysis:
Brent oil remains volatile around 80.412. OPEC Monthly Report: The global crude oil demand is expected to be 101.8 million barrels per day in 2023, which was previously expected to be 101.82 million barrels per day. The growth rate of global crude oil demand in 2022 is expected to remain unchanged at 2.55 million barrels per day .
Cloth oil UKOil - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the low-level bulls are oscillating and rising, the short-term bullish sentiment is shrouded, the market bulls continue to climb, the MACD indicator is hovering above the 0 axis, and the RSI indicator is at the 50 balance line. The market is weak;
Long and short turning point: 80.041
Suppression: 81.376, 82.230
Support: 79.027, 77.879
Trading strategy: Bullish above 80.041, target 81.376, 82.230
Alternative strategy: bearish below 80.041, target 79.027, 77.879
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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