Crude Oil still under drop pressure as resistance 46.00-40 sustain

Crude Oil still under drop pressure as resistance 46.00-40 sustain

Rami
17 (07) 2016 - 23:09 (GMT)
0

Oil back to drop movement after testing resistance zone (46.00-40) , while short-run downtrend wave will sustain as long as market holding trades below 46.95

short-run downtrend wave will face support zone at (44.40-60) which may drive for rebound correction from that zone, while below 44.40 market will continue downtrend wave toward targets 42.30

from another hand and above 46.95 this may push market toward farther advance toward (48.00-50) zone as we see over the chart

CRUDE OIL - WTI

× Article short link: https://ramifx.com/?FmkYfv

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 .

leave a comment