Crude Oil sustain trades above main support zone

Crude Oil sustain trades above main support zone

Rami
25 (10) 2016 - 09:14 (GMT)
0

After market retreated below first support (50.35) market managed to hit low around (49.60-65) while managed to sustain trades above main support level (49.15) which protecting the uptrend wave within Intraday & Short-Run levels.

The old support level (50325-35) back to support market now which giving the way toward farther advance toward (52.40-60) zone.

While (49.15) will consider the main support for this model and so any stop loss should be below this level.

Below (49.15) market may head for farther drop where will face another support around (48.25-35) which may OR may not hold the market.

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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