Crude Oil fell below support ahead of Inventory

Crude Oil fell below support ahead of Inventory

Rami
14 (09) 2016 - 12:24 (GMT)
0

Crude Oil (WTI) retreated below support (44.70) few minutes ago which may indicate farther drop yet to come toward (43.85) before some rebound correction may hit the market before Oil continue drop toward target (43.00)

Resistance levels at (44.75) and (45.35) where as long as market holding below (45.35) the Intraday-Levels downtrend pressure will sustain toward targets.

Above (45.35) market will face second resistance at (46.60) 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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