SubscribeIf the US stock markets will resume their falls it will likely to affect oil prices to trade down as well. I still think that oil prices fell too sharply too soon. In the near future WTI will settle around $85-$90 mark
Thread: Oil
If the US stock markets will resume their falls it will likely to affect oil prices to trade down as well. I still think that oil prices fell too sharply too soon. In the near future WTI will settle around $85-$90 mark
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Crude prices decoupled from equity markets yesterday, pulling back from resistance the 23.6% Fibonacci retracement level ($85.83)
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LONG positions above 85.9 with targets @ 88.2 & 89.15,even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
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oil abhi 85 ki taraf chal raha hai aap buy kar sakte ho kyunki iska target 90 ki taraf hai, par stop los zarur used karna 83 tak
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If a M15 close above 90 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 88 sell only and do not buy. If price closes back above it again do nothing
The range 90 and 88 is neutral area, any trade done in between is personal decision and not part of this analysis
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we can notice from the chart that the pair has closed it's daily candle under 88 , that's mean the down trend is expected and the pair might head to 91 then 93 , however the pair made a hourly correction
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If a M15 close above 87 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 85 sell only and do not buy. If price closes back above it again do nothing
The range 87 and 85 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 recent rally in the stock market might continue to pull up oil prices. In the near future, I still think that WTI price will remain around $85-$90 mark
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 88 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 86 sell only and do not buy. If price closes back above it again do nothing
The range 85 and 86 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.
It is more likely to go down to around 81 or lower, and after that, it might have potentially to go up to around 87 and 90
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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