Crude Oil closing from resistance zone

Crude Oil closing from resistance zone

Rami
22 (09) 2016 - 15:03 (GMT)
0

After Market managed to break above resistance (45.35) bullish outlook sustain toward second target zone as previous report show (see here).

Crude Oil facing now resistance zone at (46.50-75) where as long as market holding below this zone a drop correction will be expected which will face support level at (44.70) which may give a Long(Buy) opportunity.

Below (44.70) more drop will be available where second support zone laying at (42.75-43.05).

Above (46.75) more advance may hit the market where another resistance laying at (47.75).

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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