Crude Oil sustain advance as OPEC reach deal

Crude Oil sustain advance as OPEC reach deal

Rami
01 (12) 2016 - 11:34 (GMT)
0

Crude Oil managed to advance above 49.35 as OPEC reached deal for cut production by 1.2 million/day.

Market now inside uptrend wave which may target 51.60-52.20 resistance zone

Market support at 48.80-49.20 where as long as market holding above more advance toward 50.50 and 51.60-52.20 zone is expected .

Below 48.80 market may head for farther drop toward 47.35 and maybe 45.50

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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