简体中文
ภาษาไทย
繁體中文
Indonesia
UKOil: Bulls move up
2023-07-02
888
Fundamental analysis:
Brent oil remained volatile around 75.165, and HSBC lowered its forecast for Brent crude oil prices: $80/barrel in the second half of fiscal year 2023, $80/barrel in fiscal year 2023, and $75/barrel in fiscal year 2024, long-term expectations $75/barrel. The lasting impact of prolonged rate hikes could negatively impact oil demand beyond 2024.
Cloth oil UKOil - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the momentum of the bulls continues to fluctuate and move upwards, and there is a trend of continuing to move upwards in the short term. The market is still bullish, the MACD indicator is oscillating above the 0 axis, and the RSI indicator is finishing above the 50 balance line;
Resistance levels: 75.495 75.833
Support levels: 74.651 74.303
Trading strategy: Bullish above 75.020, target 75.495 75.833
Alternative strategy: bearish below 75.020, target 74.651 74.303
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
