简体中文
ภาษาไทย
繁體中文
Indonesia
Ukoil: short bears rapidly descending
2022-08-31
1106
Fundamental analysis:
The oil price fluctuates around 98.502, and Iranian crude oil may return to the international market, which will bring downward pressure on the oil price, which Saudi Arabia is trying to avoid. This news caused the Brent crude oil price to break the $100 per barrel mark, which was broken by the international benchmark due to the heightened concern about the global economic recession.
Oil distribution ukoil - 4-hour K-line diagram shows:
Technical analysis:
According to the 4-hour chart, the power of high-level short positions fell rapidly, the short-term short positions were waiting for the opportunity to enter the market and fell rapidly, the market short positions were shrouded, the MACD index was in the long position and remained in the shock downward trend, and the RSI index was in the weak position below the 50 equilibrium line;
Long and short turning point: 98.862
Pressing position: 99.864, 100.874
Support position: 97.438, 96.568
Trading strategy: bearish below 98.862, target 97.438, 96.568
Alternative strategy: bullish above 98.862, target 99.864, 100.874
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
