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USOIL: low shock

2023-01-09
1092
Basic face analysis:
Crude oil is maintained near 73.730, and the crude oil market "falls down" in the new year, partly due to the growing risk aversion and more concerns about the Fed's interest rate hikes. The mild weather in most parts of the United States is also a factor, because it reduces the amount of natural gas and oil conversion of the Northeast Power Plant in the United States.

Crude oil USOIL — 4 hours K -line diagram display:



Technical analysis:
The 4 -hour chart looks: the market is at a low shock, and there is a trend in the short term, but it is still in the low position. The MACD indicators are in the short area of the short area.
Multi -time turning point: 73.953
Suppression: 74.406, 74.892
Support: 73.137, 72.531
Trading strategy: 73.953, go below, target 73.137, 72.531
Extracting strategy: 73.953 to see the bullish, target 74.406, 74.892

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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