Crude Oil met Intraday target, awaiting OPEC

Crude Oil met Intraday target, awaiting OPEC

Rami
30 (11) 2016 - 11:21 (GMT)
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Crude Oil managed to hold support (44.55) where managed to head for rebound correction toward target (47.80) as previous Intraday-Level report advised (see here)

Financial markets awaiting OPEC meeting result today about reaching a deal on cut production where Iranian Oil Minister said this morning that Iran won’t freeze production, but there is another arrangement, without elaborating.

Technical Analysis sees (49.35) as same old resistance zone where as long as market holding below another drop wave may hit Oil toward (42.20-50).

Above (49.35) risk for more advance 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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