Ukoil, time for pullback
2 reasons to buy:
TECHNICAL:
1) there is no ema resistance
FUNDAMENTAL:
1) higher demand from an easing of China's COVID lockdowns
3 reasons to sell:
TECHNICAL:
1) 115 horizontal line resistance
2) oil soar for a five constantius days, it is time for pull back.
FUNDAMENTAL:
1) oil soar for a tighten supply from an planned European Union ban on Russian oil , but Hungary resisted for an oil embargo on Russia
Major events in economic calendar:
1) US retail sales
2) ECB President Lagarde Speaks
3) Fed Chair Powell Speaks
TECHNICAL:
1) there is no ema resistance
FUNDAMENTAL:
1) higher demand from an easing of China's COVID lockdowns
3 reasons to sell:
TECHNICAL:
1) 115 horizontal line resistance
2) oil soar for a five constantius days, it is time for pull back.
FUNDAMENTAL:
1) oil soar for a tighten supply from an planned European Union ban on Russian oil , but Hungary resisted for an oil embargo on Russia
Major events in economic calendar:
1) US retail sales
2) ECB President Lagarde Speaks
3) Fed Chair Powell Speaks
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