简体中文
ภาษาไทย
繁體中文
Indonesia
UKOil: rapid decline
2023-05-31
826
Fundamental analysis:
Brent oil maintained a shock around 73.776. The situation of the United States and its main allies in the West and the East is just the opposite. These countries are basically net importers of oil and natural gas. Then comes higher gas prices, which means inflation will stay higher for longer, which will keep interest rates higher for longer, which will increase the economic damage to these countries.
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, although the short-term low has weakened, but the downward trend remains, the MACD indicator is in the bearish area and continues to decline, and the RSI indicator is in the short-term area.
Resistance: 74.406 74.754
Support levels: 73.424 73.072
Trading strategy: bearish below 74.047, target 73.424 73.072
Alternative strategy: call above 74.047, target 74.406 74.754
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
