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
Technical Analysis
LiteForex Analitics
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="Mikhail Kurakin, post: 197354, member: 2368"] WTI Crude Oil: prices are holding near record highs Current trend Today, during the Asian session, prices for WTI Crude Oil are growing moderately, developing the “bullish” momentum formed at the end of last week. Yesterday, the instrument renewed record highs since October 2018 but still failed to consolidate at the occupied levels since a wave of sales covered the market at the end of the daily session. The situation remains rather uncertain at the moment, as investors assess the likelihood of the spread of a new strain of coronavirus, which could lead to new restrictive measures and a decrease in energy demand. Also, the quotes are influenced by the ambiguous OPEC+ policy: the latest negotiations of the alliance reached a dead end but traders do not give up hope that an agreement will be reached. On Tuesday, investors are focused on statistics on consumer inflation in the US and a report from the American Petroleum Institute (API) on oil reserves for the week of July 9. Previous data reflected a decrease in reserves by 7.983M barrels. Support and resistance Bollinger bands actively grow on the daily chart. The price range expands from above but not as fast as the “bullish” sentiments develop. MACD reversed upwards, forming a new buy signal (the histogram is above the signal line). Stochastic grows but the indicator line is approaching its highs, indicating that the instrument may become overbought in the ultra-short term. Resistance levels: 75.68, 76.27, 77.00. Support levels: 75.00, 74.00, 73.00, 71.80. [img]https://media.clawshorns.com/uploads/files/90035840f4f094ae7c16fba8fd298eca.png[/img] [img]https://media.clawshorns.com/uploads/files/3111a9cf0e044d39c2d10a9f8b0ad1a2.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…