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UKOil: Shock up
2023-05-30
788
Fundamental analysis:
Brent oil remained volatile around 77.035. Affected by the Memorial Day holiday in the United States overnight, ICE's Brent crude oil futures contract trading ended ahead of schedule at 01:30 Beijing time on the 30th.
Cloth oil UKOil - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the long-term momentum of the bulls rose again after a short-term wide-range shock and retracement. The bullish sentiment in the market remains, and the short-term bulls continue to move upward.
Resistance: 77.396 77.830
Support levels: 76.414 76.067
Trading strategy: Bullish above 76.789, target 77.396 77.830
Alternative strategy: bearish below 76.789, target 76.414 76.067
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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