Crude Light was opened and immediately closed below its daily pivot (85.40) on the H1 timeframe. So I think CL will try to touch the 84.33 level, and will likely continue to fall to a level of 83.50
Thread: Oil
Crude Light was opened and immediately closed below its daily pivot (85.40) on the H1 timeframe. So I think CL will try to touch the 84.33 level, and will likely continue to fall to a level of 83.50
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Oil is now trading almost unchanged, it is felt on Monday, yet do not want to let the price above the level of 85.00, the price has fallen very much, if oil can not be fixed above 85.00, then the goal will be 82.00.
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Oil. 4 hour time frame Ichimoku green line shows 1.peresecheniya ching span the price chart from top to bottom, and 2. "Dead cross" - also noticeable that the price is not allowed above 85.00, the purpose until near the lower boundary of the cloud.
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i said it will begin pumping inventory at Cushing, Oklahoma delivery point was not durable, risk appetite, trends quickly sink new WTI contract, which the European Union focused on sovereign power over the emotions weighing Continuing....
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Crude light, is now testing the daily pivot (85.06), if the pivot been broken, then it is likely to rise towards the 86.08 level. But if it fails, the possibility of oil will fall to as low as 83.04
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If you look at the daily chart we can see that price happily strayed from the moving average of 50 held at 89 dollars, now I think again we go down a bit, the goals to date 80.50 dollars ... and if it is below the minimum of 76 dollars ...
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oil should be marking out the first leg of a larger correction. Shoud fade over 94(94.15) below 94.15 for 92.50 again before 96.00. I have selling position in 94.25 and will closed after 100 pips profit.
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Yes indeed once again shows the southern oil movement ... 85 dollars is not foreclosed, and now the price was fixed lower, trading at levels already occurring a few hours, as if preparing to break off I think the purpose of the current situation of 82 dollars ..
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