简体中文
ภาษาไทย
繁體中文
Indonesia
USOil: high level finishing
2023-04-04
944
Fundamental analysis:
Crude oil remained volatile around 80.381. The Biden administration in the United States said that the latest measures announced by oil-producing countries were unwise. But according to the latest data released last week by the U.S. Energy Information Administration (EIA), U.S. crude oil production rose to 12.46 million barrels per day in January, the highest level since March 2020.
Crude oil USOil - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: After the high gap and high opening, the market as a whole is in a high-level and long-term turmoil, and the bullish sentiment is shrouded. The MACD indicator is in the long-term zone and continues to move upward, and the RSI indicator is hovering near the 80 balance line in the overbought zone;
Resistance: 81.294 82.045
Support levels: 79.178 78.343
Trading strategy: Bullish above 80.012, target 81.294 82.045
Alternative strategy: bearish below 80.012, target 79.178 78.343
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
