简体中文
ภาษาไทย
繁體中文
Indonesia
USOil: Weak shock
2022-11-11
1125
Fundamental analysis:
Crude oil remained volatile around 86.175. With the EU's import ban on Russian crude oil coming into effect in December, Russian oil production may fall to 9 million barrels/day in that month. It is estimated that compared with the average level from June to October, the daily output in December will decrease by 1.5 to 1.7 million barrels, or 14%.
Crude oil USOil - 4-hour K line chart shows:
Technical analysis:
The 4-hour chart shows that the short positions continue to move downward in a continuous downward trend. After being supported in a short term, the market short positions remain unchanged, but the downward momentum has weakened. The MACD indicator is at the low level in the short positions area and the RSI indicator is at the narrow range in the short positions area;
Multi empty turning point: 86.286
Pressing: 86.959, 87.593
Support: 85.402, 84.772
Trading strategy: bearish at 86.286, with targets of 85.402 and 84.772
Alternative strategy: bullish above 86.286, target 86.959, 87.593
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
