简体中文
ภาษาไทย
繁體中文
Indonesia
USOil: Shock Retracement
2023-08-13
765
Fundamental analysis:
Crude oil remained volatile around 83.008. With the emergence of factors such as OPEC production cuts and strategic reserve initiatives, the crude oil market is still ready to deal with these dynamics and ultimately achieve higher fundamentals.
Crude oil USOil - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the high-level short-term dynamics fluctuated and retreated, the market was shrouded in short-term sentiment, and there were signs of continued downward movement in the short term. The MACD indicator was in the long-term area to maintain consolidation, and the RSI indicator was hovering weakly near the 50 balance line;
Resistance: 83.564 83.900
Support levels: 82.606 82.208
Trading strategy: bearish below 83.167, target 82.606 82.208
Alternative strategy: call above 83.167, target 83.564 83.900
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
