Crude Oil and H&S pattern

Crude Oil and H&S pattern

Rami
14 (09) 2016 - 12:55 (GMT)
0

Crude Oil (WTI) prices fell below support (44.70) which consider the neckline for the Head & Shoulder Formation as we see over the chart.

Such Formation if managed to control the market will lead for farther drop toward support (43.00) zone which may lead for some rebound correction.

While below (43.00) more drop will be available toward (41.00).

Notice that Markets are awaiting US Crude Oil Inventories today.

 

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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