Europe Maybe Embargo Russian Oil, USOIL Shocks In Bullish
lowest forex commission–HXFXglobal reminds you:
Europe Maybe Embargo Russian Oil, Unfavorable For Energy Supply Outlook, Bullish For USOIL
Investors are suggesting to consider waiting for the price to pull back to 103.00 with a buy order, take profit on 106.00, stop loss on 101.70.
The current market rumors that the EU will announce a total embargo on Russian crude oil after the French election this weekend. As for why the embargo was not implemented until after the French election, the relevant agencies said that the main reason is that Europe is afraid that the immediate implementation of the embargo will lead to a surge in oil prices, which will promote the increase in support for right-wing politics, and will expand the far-right forces in EU countries, detrimental for EU unity. Affected by the above news, the outlook for energy supply will be unfavorable, and it is estimated that the USOIL market will be volatile in bullish.
In the 4-hour K-line chart, the K-line is currently operating near the middle orbit of the Bollinger Band in an oscillating pattern, KD indicator up，MACD short momentum convergence，the overall research is judged to be a volatile and bullish market.
*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.
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