Bearish And Bullish Of USoil Be At War?which online trading platform is best in malaysia

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Biden May Releases 180 Million Barrels Of Crude Oil Reserves, Bearish And Bullish Of USoil Be At War?

The demand for crude oil may not be as good as expected. How should USoil be deployed?
【Strategy】
Non-Aggressors are advised to wait for better entry.  Aggressors are recommended to consider marginal Short when the price is near 105.0. With Target 98.0, and the Stop loss by 107.6.
【News】
Russian President Vladimir Putin is no longer insisting that Europe only uses rubles to buy natural gas. Putin told German Chancellor Olaf Scholz that euros are fine and using the euro to pay for natural gas is beneficial to both countries. Not only can Russia support the ruble with a stability of euro, but also reduce the opportunity cost of Germany’s purchase of natural gas (since buying the ruble has the risk of depreciation). International oil prices closed up more than 3% yesterday due to the fading of optimistic expectations of the Russia-Ukraine negotiations and the reduction of  US EIA crude oil inventories. However, earlier today, the Biden administration reported that it would release 180 million barrels of crude oil reserves, causing oil prices to plummet again 180 million crude oil can probably make up for about 18 days of Russia’s global crude oil supply (in the worst case scenario). The crude oil reserves released in this round are indeed larger than before, and my country’s epidemic-related restrictions are still in place and the US’s Gasoline inventories are rising. The global demand for crude oil may decline. Therefore, the main idea of  ​​​​USoil is a bearish layout.
【Technical】
In the H4 range, although the quotation is at the lower Bollinger track and falls below all MA moving averages, it indicates a bearish pattern. The sub-indicator MACD kinetic energy turns from bullish to bearish and superimposes KD double-line downwards, which leads investors to a bearish perspective.
*The above contents are the opinions of third-party media commentators, and do not represent the position of this platform. The opinions are for reference only. Investors should make independent judgments, prudently evaluate and bear investment risks at their own risk.