Year1
- 石油：
- 吨
- A15：
- kg
- A50：
- kg
Please call us for details. We welcome your consultation and provide you with free business marketing training to expand your company's overall business capabilities. We hope your company will prosper.
The rise in oil prices is a trend. In this huge process, we are looking forward to its next rise every day. Nothing will go downhill forever, just like life, everyone's path is always the same. It is bumpy, there are times when you are high-spirited and there are times when you are depressed. After oil has gone through a process from high-spirited to depressed, it will eventually regain everyone's trust.
New York Mercantile Exchange crude oil prices formed a double bottom near the US dollar, and the downward trend formed a consolidation at the support level of the US dollar. A rebound pattern is confirmed as a new trend change when price closes above the USD on the weekly chart. A close above the dollar confirms that this is a change in trend and not a bounce. The formation of a new uptrend in crude oil prices is confirmed when prices can remain above the US dollar.
The current upward trend is running quickly, so it is very likely that it will form a consolidation and pause near the US dollar, and then resume the upward trend. There are three important pressure levels above the USD that will have an impact on the nature of the emerging uptrend.
The price of crude oil on the New York Mercantile Exchange operates in a wide trading band, and the trend behavior is restricted by the trading band. The current support level is near the US dollar. Subsequent pressure levels lie at USD and USD. The dollar's pressure level is the lower edge of long-term support for crude oil prices. The US dollar's support level has been affecting the market from January to September. This means that the US dollar will now act as a very strong and important pressure level. These support/resistance levels will also pose limitations and obstacles to the formation of any new rebound or upward trend in the future.
The price of crude oil fell from U.S. dollar to U.S. dollar very quickly, with only brief consolidation or pause at each important support or pressure level. When prices fell, there was no consolidation pause at these support levels, which shows that these levels will also generate only weak pressure for a new uptrend. This also suggests that consolidation near the USD will also be short-lived before the price moves higher from USD to USD.
On the daily chart of crude oil prices on the New York Mercantile Exchange, the Guppy composite moving average indicator shows that the short-term moving average has converged and has moved above the long-term moving average. The long-term moving average has also converged and turned upward. The long-term moving averages are starting to diverge. This shows that investors are becoming strong buyers. This behavior is necessary for the continuation of any new uptrend. The long-term moving average shows what investors are thinking.
Investors and traders should pay close attention to the development of the relationship in the future to fully confirm whether a sustainable upward trend is forming. Currently, the lower edge of the long-term group is located near the US dollar. When the lower edge of the long-term group is above the dollar, a strong uptrend is fully confirmed.
Petroleum agent franchise
The best petroleum agent franchise platform in Zhengzhou, attention is a kind of power
WhatsApp
