The War Between Russia & Ukraine Is Difficult To End, US Oil Support In Strong State
There is no sign of the end of the war between Russia and Ukraine, and the market is still worried about the reduction of Russian supplies.
Investors can bargain hunt at current price, Target 113.50 and Stop-Loss by 111.50.
A few days ago, the U.S. government announced that it will impose more sanctions on Russia and will impose sanctions on 48 Russian state-owned enterprises. The international political tension is difficult to resolve in the short term. However, there are still differences in Europe on whether to ban the import of Russian crude oil, which has led to a slight correction in oil prices recently and the market’s fears of a reduction in Russian supplies remained strong. Therefore, the US oil is expected to fluctuate and rise again after a slight correction in the short-term.
In the 60-minute level chart, (5,10,20MA) three moving average levels are tangled, MACD is weak in bearish strength, the KD is slowly rising after the golden cross near 20. Looking at the above indicators, US oil is expected to rise again after correction in short-term.
*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.