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Technical Analysis
Daily Technical Analysis by FxGrow
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[QUOTE="FxGrow Support, post: 109220, member: 34135"] [B][SIZE="4"]FxGrow Daily Technical Analysis – 07th Sept, 2016[/SIZE][/B] [I]By FxGrow Research & Analysis Team[/I] [B][SIZE="5"]OIL IS RISING, U.S ECONOMY IS NOT PLAYING UP TO EXPECTATIONS[/SIZE][/B] [IMG]http://i1148.photobucket.com/albums/o568/onestore40/Crudeoil7-9_zpswkxn3fyl.png[/IMG] Yesterday, crude oil shifted opposite into an upward trend when The U.S FED were put in a tough position yesterday releasing a press release summarized by this conclusion: The U.S economy is not playing up to expectations. At 3 PM GMT, oil rallied from 43.97 reaching a high 45.20 and expected to climb the ladder later today. The crude oil trend is upward most likely, First resistance R1 at 45.40, the second resistance represents a strong point at 45.92 which might trigger a rise to R3 47.77 On the other hand, first support S1 44.07, S2 43.47, S3 42,50 Remark: upward trend , no crucial news today that would affect the mentioned scenario. [I][SIZE="1"][B]Note:[/B] This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.[/SIZE][/I] [/QUOTE]
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