NATO May Impose More Sanctions, Bull In US Oil Roaring
lowest forex commission–HXFXglobal reminds you:
NATO will hold a meeting on Thursday to discuss the conflict between Russia and Ukraine, and may impose more sanctions on Russia.
Investors can bargain-hunting with current price, Target 111.50 and Stop-Loss by 109.00.
NATO will hold a meeting on Thursday to discuss the conflict between Russia and Ukraine, and may impose tougher sanctions on Russia. In the short term, Russian crude oil will again face supply risks. Analysts predict that if the EU completely avoids crude oil from Russia, the market will instantly reduce the supply of more than 2 million barrels of crude oil, and oil prices may rise to the level of $120 per barrel in the short term. Therefore, there is a high probability that US oil will maintain a bullish trend in the short term.
In the 60-minute level chart, (5, 10, 20MA) three moving averages are tangled and there are signs of incline, the MACD is weak but stable, and KD is running below 80. Overall, there is a high probability that US oil will continue to fluctuate and rise in the short-term, and it is recommended to bargain-hunting with light position.
*Information above belongs to 3rd party media comments, can only be used for references and doesn’t represent our platform’s opinion. Investors should maintain sole-determination, self-evaluation required and be responsible for their own action.
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