简体中文
ภาษาไทย
繁體中文
Indonesia
UKOil: recovery from lows
2023-06-25
933
Fundamental analysis:
Cloth oil remained volatile around 74.195, crude oil exports rebounded, imports fell, and refining activities continued to be strong, resulting in a reduction in crude oil inventories.
Cloth oil UKOil - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the momentum of the low-level bulls continues to reverse and rise, and the short-term bulls have signs of continuing to move upwards. The MACD indicator is in the short-selling area, and the RSI indicator is hovering weakly below the 50 balance line;
Resistance: 74.663 75.061
Support levels: 73.683 73.208
Trading strategy: Bullish above 74.004, target 74.663 75.061
Alternative strategy: bearish below 74.004, target 73.683 73.208
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
