No Russia oil embargo discussion at EU summit, US oil Might Sways For Depreciation.

【Abstract】
The EU’s embargo on Russian oil could not reach a consensus, and high oil prices suppressed energy demand, which was not conducive to US oil.
【Strategy】
Investors are recommended to consider marginal Short when the price rebounds to 111.20. With Target 108.70, Stop Loss by 112.30.
【News】
EU member states could not reach a consensus on imposing an embargo on Russian crude oil, and Hungarian officials also suggested that the topic be removed from the agenda of the EU leaders’ summit in the next week, while European Commission President von der Leyen also said that by the end of this month. At the EU special summit held, it is unlikely that all parties will find a solution to this problem. Superimposed high oil prices suppress the rebound in demand, and gasoline demand in the United States has dropped to the lowest level since 2013. Therefore, the U.S. oil market will fluctuate slightly but in a bearish perspective.
【Technical】
In the H4 range, the K-line is currently running around the middle rail of the Bollinger Band in a volatile pattern; the KD indicator is tangled; the MACD indicator has weak multi-party kinetic energy. The overall pattern is fluctuating but descending.

*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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Disclaimer: Information above can only be use for references and doesn’t represent our platform’s opinions.