Crude Oil awaiting OPEC meeting

Crude Oil awaiting OPEC meeting

Rami
29 (11) 2016 - 11:37 (GMT)
0

Financial Markets eyes heading toward OPEC meeting this Wednesday as speculations deviate between ‘Deal, No-Deal’ for cut production.

Short-Run showing ability to construct “Head & Shoulder” formation which if done at market more drop will be expected for Crude Oil, while this formation will get highly benefit in case if OPEC declare No-Deal.

Any daily close below 45.50 will add more drop pressure signals toward 42.20-50

Above 49.35 more advance will be expected toward 51.50.

 

 

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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