trusted trading apps malaysia–HXFXglobal reminds you:
Europe Is Coming After Russia’s Energy, USoil Rallys
The sanctions against Russia by Europe and the United States is decreasing, and it may be difficult to avoid sanctions on Russia’s energy exports.
【Strategy】
Investors can consider marginal Long at current price. With target 99.0, stop loss by 97.0.
【News】
The newly announced U.S. EIA crude oil inventories unexpectedly increased by 2.421 million barrels in the week to April 1, which is negative for oil prices. In addition, the International Energy Agency (IEA) recently announced that it will release 120 million barrels of crude oil reserves, of which 60 million barrels are from the United States, which will become a pressure to oil prices in the short term. However, the sanctions against Russia by Europe and the United States is getting less and less. If they continue to increase their efforts, it may be difficult to avoid sanctions on Russian energy. The main supporting factors for oil prices are still there, so investors are advised to seize the opportunity to go long when the position is low.
【Technical】
In the H1 chart, the three moving averages (5, 10, 20MA) are tangled and flattened, the MACD negative column turns to the Positive column and increases slightly. KD gradually rises after the golden cross near 20.Overall, the short-term USoil has pulled back significantly after there are signs of stabilization. It is recommended that investors to bargaining hunting with light position.
*The above contents are the opinions of third-party media commentators, and do not represent the position of this platform. The opinions are for reference only. Investors should make independent judgments, prudently evaluate and bear investment risks at their own risk.
Get Free Trial Bonus, Free Experience Investment! The Journey Of Investing From Scratch.
Register for free at HXFX and get a free trial bonus to experience investment immediately! It’s easy and stress-free, you can withdraw your profits from trading! Professional analysts provide the latest market strategies every day and the daily investment tutorial that you can understand at a glances, all support you from 0 basics to investment experts!
Seats are limited, click me to get the free trial bonus now, let’s start your investment journey>>
Disclaimer: Information above can only be use for references and doesn’t represent our platform’s opinions.
Leave a Reply