Ultima Markets[Market Analysis] Inflation Data Affects Crude Oil Demand Oil prices have increased...

Today's Focus on Varieties--crude oil。

Fundamentally,EIAData display, as of6month23US Strategic Petroleum Reserve for the Week of the Day（SPR）Inventory reduction135.110000 barrels to3.486Billion barrels, decrease0.39%, for1983year8month19The lowest since the current week. However, from a long-term demand perspective, the Fed's interest rate hike attitude still affects consumer demand expectations. If todayPCEData remains high, Federal Reserve7Monthly interest rate hikes will be firmly established, and crude oil may decline again.

Technically,原油日线的高点依旧不断降低，多头反扑较为吃力。

（原油日线图，来源Ultima Markets MT4）

在行情形成收敛三角形结构后，上周五以来行情震荡盘整了一周。

(Crude oil)4Hour chart, sourceUltima Markets MT4）

4小时周期上，原油触及61.8%ofgold比例斐波纳奇回撤位置，结构上也疑似艾略特波浪的ABC平台形调整浪。

(Crude oil)1时图，来源Ultima Markets MT4）

however1小时短期周期上，原油多头仍占上风，行情昨日虽然出现黄昏之星的裸K结构，但是价格暂时站稳在65Periodic moving averages and240周期均线上方。技术角度上，原油若想明确日线的空头趋势，小周期结构的价格需要跌破65周期均线下方。

according toUltima Markets MT4InpivotIndicator, daily central price level69.83，

69.83Upward bullish, first goal70.63Second objective71.45

69.83Under bearish, first target69.02Second objective68.18

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