Crude Oil within trading zone as support intact

Crude Oil within trading zone as support intact

Rami
27 (10) 2016 - 09:40 (GMT)
0

Crude Oil went for more drop correction while the Short-Run uptrend wave still ongoing as long as market holding trades above support zone (48.50-70).

ٍShort-Run facing resistance at (50.00-10) which may allow for trading zone between this resistance and the support zone.

While a bigger advance wave is expected toward (51.60) and (52.40) within the coming period as long as market sustain trades above (48.50) support

Below (48.50) more drop will be available toward (46.50) 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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