简体中文
ภาษาไทย
繁體中文
Indonesia
USOil: move down low
2022-12-12
1040
Fundamental analysis:
Crude oil remained volatile around 71.428. Both the EU and the United States agreed to a 45-day transition during which all parties can still legally purchase crude oil, provided that it is delivered to the final destination before January 19, 2023. The market believes that during this transition period, Russia and the EU G7 will reach a tacit understanding with each other, and both hope for a smooth transition.
Crude oil USOil - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: The low-level short-term dynamics remain volatile and downward, and the short-term weak downward trend may continue. The market as a whole is in a short-term downward trend. The MACD indicator is in the short-term area, and the RSI indicator is hovering in the short-term area;
Long-short turning point: 71.902
Suppression: 72.710, 73.456
Support: 70.690, 69.883
Trading strategy: bearish below 71.902, target 70.690, 69.883
Alternative strategy: call above 71.902, target 72.710, 73.456
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
