Ukrainian-Russian Talks Remains Stoppage, US Oil May Sway With Bull
The Ukrainian-Russian negotiation has been suspended for a long time, and the geopolitical tension will still lead to energy shortages, which is beneficial to US Oil.
Investors are recommended to consider marginal Long after the price pulls back to 108.50. With Target 111.30, Stop loss by 107.20.
The adviser to the Director of the Office of the President of Ukraine said that although the negotiations between Ukraine and Russia have not ended, they have been suspended for a long time. Since the two sides have not reached a consensus on the armistice agreement, both sides hope to achieve greater results in the war to increase the bargaining chips. All of these will continue geopolitical tensions, resulting in the continued expansion of the energy gap, and the superimposed US energy inventories will continue to remain low. Therefore, the US oil market will fluctuate but be bullish.
In the H4 ranges, the K-line is currently running around the middle rail of the Bollinger Bands in a volatile pattern; the KD indicator is up and the MACD indicator bears momentum convergence. The overall pattern is fluctuating and ascending.
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Disclaimer: Information above can only be use for references and doesn’t represent our platform’s opinions.