简体中文
ภาษาไทย
繁體中文
Indonesia
USOil: low up
2023-04-25
864
Fundamental analysis:
Crude oil remained volatile around 78.641, as market concerns about rising interest rates, the outlook for the global economy and fuel demand outweighed the support provided by the prospect of tight supply due to OPEC+ production cuts.
Crude oil USOil - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: After a short-term wide range of lows, it rose and rose, and the market’s bullish sentiment began to emerge. There is a further upward trend in the short term. The MACD indicator is weakly finishing below the 0 axis, and the RSI indicator is weakly hovering near the 50 balance line;
Resistance levels: 79.027 79.429
Support: 78.052 77.675
Trading strategy: Bullish above 78.467, target 79.027 79.429
Alternative strategy: bearish below 78.467, target 78.052 77.675
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
