Crude oil remained volatile around 86.173. EIA data showed that the total oil demand of the United States in August increased by 0.4% or 90000 barrels/day compared with the same period of last year, reaching 20.601 million barrels/day, and that in July increased by 0.9% compared with the same period of last year.
Crude oil USOil - 4-hour K line chart shows:
The 4-hour chart shows that the bearish momentum has maintained a volatile downward trend, and the short-term decline may continue. The market as a whole has begun to continue to decline. The MACD index is in the bull region, and it has maintained its consolidation and moved down to the vicinity of the 0 axis, while the RSI index is in the weak consolidation below the 50 equilibrium line;
Empty turning point: 86.459
Pressing: 87.152, 87.961
Support: 85.491, 84.827
Trading strategy: bearish at 86.459, target 85.491, 84.827
Alternative strategy: bullish above 86.459, target 87.152, 87.961