简体中文
ภาษาไทย
繁體中文
Indonesia
UKOil: Bears sink
2023-06-23
894
Fundamental analysis:
Brent oil remained volatile around 74.192. EIA reported that commercial crude oil inventories excluding strategic reserves decreased by 3.831 million barrels to 463 million barrels, a decrease of 0.82%. The U.S. EIA Strategic Petroleum Reserve inventory in the week to June 16 was the lowest since the week of August 26, 1983.
Cloth oil UKOil - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: The short-term momentum has fallen strongly, and the short-term decline may continue. The market as a whole is in a short-term downward trend. The MACD indicator is hovering below the 0 axis, and the RSI indicator is below the 50 balance line.
Resistance: 74.904 75.401
Support levels: 73.700 73.229
Trading strategy: bearish below 74.408, target 73.700 73.229
Alternative strategy: call above 74.408, target 74.904 75.401
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
