简体中文
ภาษาไทย
繁體中文
Indonesia
USOil: high volatility
2022-12-28
1025
Fundamental analysis:
Crude oil remained volatile around 79.781, and the market expects OPEC+ to further cut production. The U.S. government has announced its intention to replenish strategic reserves at around $70 for NYMEX crude oil. That should offset further losses in NYMEX crude oil futures prices.
Crude oil USOil - 4-hour K-line chart shows:
Brief technical analysis:
4-hour chart: The bullish momentum fluctuates and rises, and the short-term momentum has signs of waiting for an opportunity to enter the market after the short-term high-level consolidation, but it is still in the high-level consolidation. The MACD indicator is in the bullish zone, and the RSI indicator is hovering weakly above the 50 balance line;
Long-short turning point: 79.404
Suppression: 80.461, 81.094
Support: 78.708, 78.052
Trading strategy: Bullish above 79.404, target 80.461, 81.094
Alternative strategy: bearish below 79.404, target 78.708, 78.052
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
