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USOil: move low bit up
2023-06-25
892
Fundamental analysis:
Crude oil remained volatile around 69.433. The crude oil and refined oil markets are dragged down by higher interest rates, and demand will not emerge as quickly as hoped.
Crude oil USOil - 4-hour K-line chart shows:
Brief technical analysis:
The 4-hour chart: the low position moves upward, the short-term bulls reverse and move upward, the MACD indicator is in the short area and maintains consolidation, and the RSI indicator is hovering weakly below the 50 balance line;
Resistance: 69.834 70.251
Support levels: 68.747 68.366
Trading strategy: Bullish above 69.175, target 69.834 70.251
Alternative strategy: bearish below 69.175, target 68.747 68.366
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.
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