简体中文
ภาษาไทย
繁體中文
Indonesia
USOil: within a narrow range
2023-05-11
898
Fundamental analysis:
Crude oil remained volatile around 72.753. The EIA strategic oil reserve inventory in the United States for the week ending May 5 was -2.9 million barrels, compared with -2.004 million barrels before. The Strategic Petroleum Reserve fell to its lowest level since October 1983.
Crude oil USOil - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: short-term narrow-range shocks and shifts, long-short dynamics are in a state of anxiety in the short term, MACD indicator is at 0 and the upper side is weak, and RSI indicator is at the upper side of the 50 balance line and hovering weakly;
Resistance levels: 74.185 75.135
Support levels: 71.835 70.955
Trading strategy: bearish below 73.139, target 71.835 70.955
Alternative strategy: call above 73.139, target 74.185 75.135
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
