简体中文
ภาษาไทย
繁體中文
Indonesia
USOil: Bears move down
2023-04-20
914
Fundamental analysis:
Crude oil remained volatile around 79.000. The U.S. EIA crude oil inventory for the week to April 14 was -4.581 million barrels, expected to be -1.088 million barrels, and the previous value was 597,000 barrels. In the United States, the EIA crude oil inventory in Cushing, Oklahoma, in the week to April 14 was -1.088 million barrels, the previous value was -409,000 barrels.
Crude oil USOil - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the short-term momentum remains oscillating and moving down, the short-term decline may continue, the overall bearish sentiment in the market is shrouded, the MACD indicator is hovering below the 0 axis, and the RSI indicator is in a weak position in the short-selling area;
Resistance: 79.828 80.439
Support levels: 78.484 77.926
Trading strategy: bearish below 79.235, target 78.484 77.926
Alternative strategy: call above 79.235, target 79.828 80.439
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
