简体中文
ภาษาไทย
繁體中文
Indonesia
UKOil: low rise
2023-06-14
915
Fundamental analysis:
Brent oil remained oscillating around 74.122, and the six-month premium for Brent crude oil—that is, the price difference between the near-month contract and the far-month contract—has fallen to around $1.10, the lowest level since March, indicating that the market is in short supply throughout the year. Confidence is waning.
Cloth oil UKOil - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the low-level long-term momentum is strong and oscillating, and the short-term bullish sentiment remains, the market bulls continue to climb, the MACD indicator is in the short-term area and moves up, and the RSI indicator is hovering weakly near the 50 balance line;
Resistance: 74.584 75.040
Support: 73.424 73.020
Trading strategy: bearish below 73.881, target 73.424 73.020
Alternative strategy: call above 73.881, target 74.584 75.040
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
