Subscribevery critical zone. Touched the upper BB. it may create false breakout signal on Next trading day.May touch I locked my small profit.
In weekly chart its now on weak resistance . Next resistance is 113 .
Thread: Oil
very critical zone. Touched the upper BB. it may create false breakout signal on Next trading day.May touch I locked my small profit.
In weekly chart its now on weak resistance . Next resistance is 113 .
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On the technical front, prices are retesting support-turned-resistance at the bottom of a rising channel set from early October, now at 102.32. A break above this boundary exposes the November 17 high at 103.35. Support lines up at 94.56.
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The pair intraday ,the downside prevails, and the RSI is below its neutrality area at level 50%.
Thats mean the pair is still trading with the downside trend way and may targeting the level of 97.30 and than 96.40.
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If a M15 close above 101 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 98 sell only and do not buy. If price closes back above it again do nothing
The range 101 and 98 is neutral area, any trade done in between is personal decision and not part of this analysis
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A group of Nigerian human rights group Saturday that the oil pipeline, which is operated by "Agip", the local branch of the Italian oil group "ENI", exposure to oil spill incidents in the village in the southern Nigerian state of Bayelsa.
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If a M15 close above 102 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 98 sell only and do not buy. If price closes back above it again do nothing
The range 102 and 98 is neutral area, any trade done in between is personal decision and not part of this analysis
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
The group said that "the crude oil that flows from the pipeline to draw our attention even before we got to the leak points higher. While the oil products almost duplicate flow from two of these five points, the crude oil flows from the three points the other and pollutes the environment in the form of gas."
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
If a M15 close above 101 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 98 sell only and do not buy. If price closes back above it again do nothing
The range 101 and 98 is neutral area, any trade done in between is personal decision and not part of this analysis
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
I'm considering shorting crude oil futures below on a bar close below 100.22. In the last 2 weeks uptrend the swings have all respected 61.8% fibonacci retracements. The last upswing has already corrected all the way to 61.8%. It's either a continuation higher or a reversal possibility. I am picking the latter to trade.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
If a M15 close above 102 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 98 sell only and do not buy. If price closes back above it again do nothing
The range 102 and 98 is neutral area, any trade done in between is personal decision and not part of this analysis
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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