简体中文
ภาษาไทย
繁體中文
Indonesia
USOil: low shock
2023-05-02
909
Fundamental analysis:
Crude oil remained volatile around 75.715, and international oil prices fell. Concerns about a possible interest rate hike by the Federal Reserve were enough to offset the support brought by the latest production cuts by oil exporting countries and their partners (OPEC+) that will take effect from this month.
Crude oil USOil - 4-hour K-line chart shows:
Brief technical analysis:
The 4-hour chart: the short-term maintains low and narrow range fluctuations, and the market’s short-term sentiment may continue. Although there are signs of upward short-term low-level buying, the short-term strength is strong and there is no sign of change. The MACD indicator is below the 0 axis. Weakly hovering around the 50 balance line;
Resistance: 76.538 77.220
Support levels: 75.029 74.555
Trading strategy: bearish below 76.013, target 75.029 74.555
Alternative strategies: call above 76.013, target 76.538 77.220
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
