Crude Oil sustain advance and testing resistance zone

Crude Oil sustain advance and testing resistance zone

Rami
04 (10) 2016 - 08:37 (GMT)
0

After market broke above resistance (46.55) on Saudi Arabia energy minister announcement on agreement inside OPEC to freeze production to stabilize market price, the Oil managed to sustain advance while Intraday-Levels approaching from resistance zone (49.00-35).

From that resistance zone (49.00-35) market may have chance to head for drop correction toward (47.00-20) zone.

Above (49.35) market will add more advance indicators where eyes will shift toward (51.20-60) 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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