3.6** Market trend analysis.
Russia's oil and gas revenues rose more than 80% in February from a year earlier to more than $10 billion, as the country's producers withstood Western sanctions. Russia's finance ministry said on Tuesday that budget revenues from oil and gas taxes totaled 945.6 billion rubles ($10.4 billion) last month. It has been calculated that taxes on ** and petroleum products, which account for 84% of total hydrocarbon revenues, have more than doubled. The oil tax is calculated on the basis of the average of $65 per barrel in the Urals, compared to less than $50 a year ago. Although the conflict between Russia and Ukraine has caused a decline in Russia's production, it has also led to a decline in production. This shows how important resources are in war.
Today's ** Market Trend Analysis:
Today, we analyze the market trend from the 3 o'clock technical indicator chart, and the MACD chart first appears in the positive area of the golden cross, which means that the probability of the future will go higher. It can be seen that after the golden cross in the positive area, **with the gradual increase of the kinetic energy column in the positive area**. Immediately after that, there is a dead cross in the positive value zone at the position indicated by the arrow on the MACD chart, which means that there is a high probability that the process will begin. It can also be seen that after the death fork in the positive area, with the gradual increase in the kinetic energy of the kinetic energy column in the negative area, there is no sign of significant shrinkage in the kinetic energy column of the negative area, and the probability of the follow-up will continue to decline.
The circle position ** on the chart is located between the lower band of the Bollinger Bands and the middle band, and the user who wants to go short can use the middle band of the Bollinger Bands ** as the stop loss point and the lower band ** to stop the profit point.
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Finally, I hope that you can make wise investment decisions based on your investment goals and risk tolerance.