Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Forex Discussions
Fundamental Analysis
LiteForex Analytics
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="MikhailLF, post: 129890, member: 42242"] [b]WTI Crude Oil: general review[/b] [b]Current trend [/b] WTI quotes after a long fall moved to the upward correction phase from the level of 45.36. Oil prices gained certain support from the statement of the Minister of Energy of Saudi Arabia that his country has considerably decrease oil supply to the market. Today market players will pay attention to initial data from API on weekly changes of oil reserves in the USA (22:30, GMT+2). If the data shows the increase of the reserves, WTI quotes will get under pressure. Otherwise oil prices will be supported in the short term. [b]Support and resistance[/b] Technical indicators point at the preservation of the buyers activity. Bollinger Bands are pointing upwards. MACD histogram is in negative zone, but its volume is decreasing, signalling about the increasing influence of the buyers. Breaking through the level of 46.85 will be a signal for growth continuation and will open the way to the level of 47.80 for the buyers. If the sellers take the initiative and drop the rate below the lower line of Bollinger Bands (46.11), the fall will continue to 45.38. Support levels: 46.11, 45.38, 44.53. Resistance levels: 46.85, 47.80, 49.00. [b]Trading tips[/b] Buy positions may be opened above 46.85 with targets at 47.80 and stop-loss at 46.60. Sell positions may be opened below 46.11 with targets at 45.38 and stop-loss at 46.40. [IMG]http://savepic.net/9424069.png[/IMG] [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…