简体中文
ภาษาไทย
繁體中文
Indonesia
UKOIL: Rebound highs continue short selling
2022-08-23
1328
A brief analysis of the fundamentals:
The Saudi state news agency SPA reported on Monday, citing Saudi Arabian Energy Minister Prince Abdulaziz speaking to Bloomberg News, Prince Abdulaziz said that OPEC+ has the means and flexibility to meet challenges, including by cutting oil Yield.
UK crude oil UKOIL 4-hour chart
A brief technical analysis:
From the 4-hour chart: short-term prices continue to rebound, medium-term graphic structure is short, suitable for rolling short selling on rallies, MACD volume energy column is insufficient near the 0 axis, RSI has no direction, and short-term oil prices have a high probability of rebounding.
Long-short turning point: 101.10
Resistance: 107.55 114.77
Support: 94.40 87.00
Trading Strategy: Bearish below 101.10, target 94.40, 87.00
Alternative strategy: bullish above 101.10, target 107.55, 114.77
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
