简体中文
ภาษาไทย
繁體中文
Indonesia
USOil: Wide range shock and sharp decline
2022-09-22
1232
Fundamental analysis:
Crude oil remained volatile around 82.934. According to the data released by the US EIA, the growth rate of commercial crude oil inventory excluding strategic reserves in the US as of September 16 was lower than expected, the growth rate of refined oil inventory was higher than expected, and the growth rate of gasoline inventory was higher than expected.
Crude oil USOil - 4-hour K line chart shows:
Technical analysis:
The 4-hour chart shows that the bearish momentum maintains a wide range of shocks, the market bearish sentiment is shrouded, and there is a trend of continued downward movement. The MACD indicator hovers under the 0 axis, and the RSI indicator is narrow under the 50 equilibrium line;
Empty turning point: 83.468
Pressing position: 84.327, 85.219
Support position: 82.163, 81.535
Trading strategy: 83.468 lower bearish, with 82.163 and 81.535 targets
Alternative strategy: 83.468 upper bullish, 84.327 and 85.219 targets
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
