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UKOil: up high
2023-01-16
949
Fundamental analysis:
Oil prices fluctuated around 85.433. The Russian Ministry of Foreign Affairs publicly questioned Sweden's investigation into the Nord Stream gas pipeline sabotage incident, pointing out that Sweden was trying to cover up the truth of the incident. Sweden's refusal to share information about the destruction of the Nord Stream pipeline with Russia is "incomprehensible", and concealing the findings means "the Swedish authorities are trying to hide something".
Cloth oil UKOil - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the high level continues to be bullish in the short term, and the market is shrouded in bullish sentiment.
Long-short turning point: 85.155
Suppression: 85.946, 86.473
Support: 84.592, 84.030
Trading strategy: Bullish above 85.155, target 85.946, 86.473
Alternative strategy: bearish below 85.155, target 84.592, 84.030
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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