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USOil: low down
2023-04-26
949
Fundamental analysis:
Crude oil remained volatile around 77.071. International oil prices rebounded for several consecutive days, but the range was limited. Although the upcoming Chinese holiday tourism may boost fuel demand, the global central bank's interest rate hike cast a shadow on economic growth prospects.
Crude oil USOil - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the market is shrouded in short-term sentiment, and it will continue to move downward in the short term. The market's short-term trend is good, the MACD indicator is hovering below the 0 axis, and the RSI indicator is below the 50 balance line.
Resistance levels: 77.725 78.202
Support levels: 76.534 76.252
Trading strategy: bearish below 77.261, target 76.534 76.252
Alternative strategy: call above 77.261, target 77.725 78.202
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.
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