Crude Oil awaiting US inventory

Crude Oil awaiting US inventory

Rami
24 (08) 2016 - 13:29 (GMT)
0

Crude Oil managed to hold support zone (46.00-20) intact while managed yesterday to head for the first rebound toward (48.30) level within Intraday-levels

our view still the same as we explained earlier within the Short-run frame (see here)

with market closing to US inventory fugures today the (46.60) may provide the base for another uptrend wave while the main support zone will sustain at (46.00-20)

as long as market holding above (46.00) an uptrend wave will have chance to head toward target (50.00-40)

below (45.90) market may add more drop pressure to test (44.40-60) before rebound correction hit market toward (46.00)

CRUDE OIL - WTI

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Rami

Rami

Hi all, my name is Rami, with more than 16 years experience in Forex Market, switching from Brokerage field to Fund Management and Risk Management specialty.I had an idea to establish a Home Page to present my thoughts on Forex Market from three different angle or prospective, Mid-Run, Short-Run & Intraday movements .

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