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USOIL; Rebound or deduce into inversion

2022-08-25
562
Basic analysis:

According to Arabian television, the United States rejected all the additional conditions put forward by Iran and urged Iran to lift any restrictions on international verification. The US side also said that Iran should not be allowed to enrich uranium with a purity of more than 4%


4-hour chart of US crude oil


Technical analysis:


According to the 4-hour chart, the oil price continued to rebound slightly, the MACD measurement energy column continued to release volume above the 0-axis, the RSI index continued to be strong, the probability of continued rebound in short-term prices was large, and the medium-term was still not optimistic.


Long and short turning point: 95.00


Resistance level: 102.00 109.00


Support position: 88.00 80.000


Trading strategy: bullish above 95.00, target 102.00, 109.00


Alternative strategy: bearish below 95.00, target 88.00, 80.00

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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