Thread: Oil
If a M15 close above 78 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 76 sell only and do not buy. If price closes back above it again do nothing
The range 78 and 76 is neutral area, any trade done in between is personal decision and not part of this analysis
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On the technical front, prices are sinking to support at the 61.8% Fibonacci extension level at $75.09. A break below this boundary exposes the 76.4% Fib at $71.45. Near-term resistance lines up at $78.03, the 50% level.
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If a M15 close above 77 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 74 sell only and do not buy. If price closes back above it again do nothing
The range 77 and 74 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.
Crude oil prices remain on the defensive, with the WTI contract following the broad-based selloff across the spectrum of risky assets after a summit of EU finance ministers in Luxembourg offered no meaningful progress on resolving the regional bloc’s sovereign debt crisis.
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 78 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 76 sell only and do not buy. If price closes back above it again do nothing
The range 78 and 76 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.
An extremely bearish count treats the decline from 9049 as a series of 1st and 2nd waves (valid as long as price is below 8473). 7960 is short term resistance.
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 78 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 77 sell only and do not buy. If price closes back above it again do nothing
The range 78 and 77 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.
A longer term look at crude reveals a clear bear trend as long as price is below 9049. A break below 7570 would shift focus to the May 2010 low at 6717, Fibonacci extension at 5976 and channel support.
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 80 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 77 sell only and do not buy. If price closes back above it again do nothing
The range 80 and 78 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 cautious optimism regarding European policymakers approving the new bailout plan may keep fueling the market gains during the day
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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