简体中文
ภาษาไทย
繁體中文
Indonesia
UKOil: shock down
2022-12-05
1043
Fundamental analysis:
Brent oil remained volatile around 85.850. The tightening of the supply side is good for oil prices. The decline in the dollar supported oil prices. On the demand side, expectations for demand recovery in Asian countries were rekindled, leading to the rise in oil prices this week.
Cloth oil UKOil - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the short-term momentum fluctuates downward, the market’s short sentiment begins to enter the market slowly, the MACD indicator is on the side of the 0 axis, and the RSI indicator is hovering weakly below the 50 balance line;
Long-short turning point: 86.432
Suppression: 87.406, 88.305
Support: 84.765, 83.797
Trading strategy: bearish below 86.432, target 84.765, 83.797
Alternative strategy: call above 86.432, target 87.406, 88.305
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
