Crude Oil retreated as US inventory spur dumping

Crude Oil retreated as US inventory spur dumping

Rami
31 (08) 2016 - 19:40 (GMT)
0

Crude Oil (WTI) fell below below technical support (45.50) as US inventory above estimation pushed market toward (44.50) (for more detail see here)

Short-Run start showing for ability for more drop next week , while Intraday-Levels showing ability for rebound correction toward (45.50-70) before continue drop toward second target (43.50) as possible scenario

The coming Short-Run showing that as long as market sustain trades below (46-60) the downtrend wave may reach (41.00) zone

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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