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U.S. Oil Bull Roars-lowest forex commission

NATO May Sanction Russian Crude Oil, U.S. Oil Bull Roars

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malaysia forex trading time-HXFXglobal-NATO May Sanction Russian Crude Oil, U.S. Oil Bull Roars_Technical Analysis

NATO may impose sanctions on Russian crude oil, and oil prices may rise again.
【Operation suggestion】
Investors are suggested to bargain-hunt with current price, Target 116.00 and Stop-Loss by 113.80.
The latest U.S. EIA crude oil inventories for the week to March 18 recorded a decrease of 2.508 million barrels, which was significantly less than expected, which was positive for oil prices. A few days ago, US President Biden went to Europe to participate in the NATO summit, during which a new round of sanctions against Russia will be announced. Media speculated that sanctions may be imposed on Russian crude oil, which may push up oil prices again. Overall, oil prices will continue to rise and investors are suggested to bargain-hunt at lower prices.
In the 60-minute level chart, the three moving averages (5,10,20MA) are bullish, the MACD bearish is weakened, and the KD turned upward. Looking at the above indicators, US oil showed signs of stabilizing after a slight correction. Investors are suggested to high-throw bargain-hunting.
*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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