简体中文
ภาษาไทย
繁體中文
Indonesia
UKOil: high position down
2023-06-06
923
Fundamental analysis:
Brent oil remained volatile around 76.483, and the Saudi Ministry of Energy said the country's output in July would drop to 9 million barrels per day from about 10 million barrels per day in May. The cuts are the country's biggest in years.
Cloth oil UKOil - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the high-level short-term momentum is declining rapidly, and the short-term decline may continue. The market as a whole is in a bearish mood. The MACD indicator is in the bullish area and remains in order, and the RSI indicator is hovering weakly above the 50 balance line;
Resistance levels: 77.202 77.696
Support levels: 75.987 75.520
Trading strategy: bearish below 76.761, target 75.987 75.520
Alternative strategy: call above 76.761, target 77.202 77.696
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
