简体中文
ภาษาไทย
繁體中文
Indonesia
USOil: Continuing to Rise
2023-03-01
742
Fundamental analysis:
Crude oil remained volatile around 76.785, a strong recovery in fuel demand in China and weak supply from other oil-producing countries will push the oil market into supply shortages in the second half of this year, leading the Organization of the Petroleum Exporting Countries (OPEC) to cancel production cuts at its June meeting.
Crude oil USOil - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the low-level long-term momentum maintains shocks and rises and then pulls back. The short-term bullish sentiment remains, and the upward trend remains. The MACD indicator is hovering above the 0 axis, and the RSI indicator is in a weak order above the 50 balance line;
Long-short turning point: 76.593
Suppression: 77.092, 77.409
Support: 76.264, 75.886
Trading strategy: Bullish above 76.593, target 77.092, 77.409
Alternative strategy: bearish below 76.593, target 76.264, 75.886
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
