Crude Oil retreated below support level

Crude Oil retreated below support level

Rami
31 (10) 2016 - 12:14 (GMT)
0

WTI managed to retreat below support zone (48.50) as we see over the chart which may activate new downtrend wave over Short-Run.

Resistance zone at (48.90) where as long as market holding below this zone more drop will be expected toward (46.50) which in turn may activate some rebound correction.

Above (49.00) market may add more advance to re-test old resistance (50.00-10) 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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