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U.S. Oil May Rise-malaysia forex trading time

malaysia forex trading timeHXFXglobal reminds you:

Lacking Progress In Russia-Ukraine Talks, U.S. Oil May Rise

malaysia forex trading time-HXFXglobal-Lacking Progress In Russia-Ukraine Talks, U.S. Oil May Rise_Technical Analysis

With positive U.S. economic data and continued geopolitical tensions, U.S. oil may rise in shock.
Operation suggestion
Aggressors are suggested to bargain hunt at 103.3, Target 106.6, Stop-Loss by 101.6. Stable investors could wait for short-term stabilization.
Russian officials said yesterday that reports of progress in talks between Russia and Ukraine were wrong, while Ukraine said talks between the two countries continued, but it would take some time to reach a ceasefire agreement. The U.S. intelligence agency also pointed out that with the consumption of Russia’s conventional military and weapons and equipment, as well as the isolation of the economy, Putin may threaten the use of nuclear weapons to the West, and geopolitical tensions continue. In addition, the United States announced yesterday that the monthly rate of manufacturing output in February rose from 0.1℅ to 1.2℅, the Philadelphia Fed manufacturing index rose from 16 to 27.4 in March, and the number of initial jobless claims for the week remained at a low level of 214,000. The U.S. economy maintains its recovery momentum, which is favorable for U.S. oil prices to continue to rise.
The daily K closed higher, above 5, 20, 60MA, and below 10MA, and the short-term is a shock pattern. In the 4H level K-line, the KD rises after the gold cross, the MACD positive value column increases, and the bullish kinetic energy increases. It is recommended to bargain hunt with light positions when the price pulls back.
*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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