Crude Oil back to re-test resistance zone

Crude Oil back to re-test resistance zone

Rami
26 (09) 2016 - 18:20 (GMT)
0

Crude Oil managed to advance for another re-test for resistance zone (46.20-50) as some news showing conflict inside OPEC to reach a supply cut before Algeria talks.

Intraday-Levels will provide Short-Sell opportunity with stop loss above (46.55) as above this zone more advance will be expected where second resistance laying at (47.50-75) zone.

While as long as market holding trades below (46.20-50) a chance for another drop toward (44.20-50) will be available.

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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