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
Advertisements
Advertisements
NPBFX - making money with us since 1996!
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="Antony_NPBFX, post: 160726, member: 38727"] [size=5][b]Brent Crude Oil: oil prices are dropping 04.03.2019[/b][/size] Good afternoon, dear forum visitors! [url=http://www.npbfx.com/?utm_campaign=company&utm_medium=forumpost&utm_source=earnforex]NPBFX[/url] offers the latest release of analytics on Brent Crude Oil for a better understanding of the current market situation and more efficient trading. [b]Current trend[/b] Oil prices dropped markedly on March 1, retreating to local minima of February 26. The decline was due to continued growth in US production, as well as increased risks of global economic growth, which directly affects demand. OPEC’s efforts to reduce production, and new US sanctions against Venezuela, which is also a member of OPEC, are hindering a more confident decline in prices. Additional support on Friday was provided by the Baker Hughes report, which again indicated a reduction in active drilling rigs from 853 to 843 units per week. [b]Support and resistance[/b] Bollinger Bands in D1 chart demonstrate flat dynamics. The price range is narrowing, reflecting the ambiguous dynamics of trading in the short term. MACD is going down preserving a stable sell signal (being located under the signal line). Stochastic resumed its decline after a short-term growth in the middle of last week. The showings of the indicators do not contradict the further development of correctional decline in the short and/or ultra-short term. Resistance levels: 65.50, 66.06, 67.00, 67.70. Support levels: 65.00, 64.28, 63.69, 63.08. [img]http://businesspr-finance.com/wp-content/uploads/2019/03/oil04032019-55.png[/img] [img]http://businesspr-finance.com/wp-content/uploads/2019/03/oil04032019-66.png[/img] [b]Trading tips[/b] To open long positions, one can rely on the breakout of 65.50. Take profit — 67.00 or 67.70. Stop loss – 64.90-64.80. The return of "bearish" dynamics with the breakdown of 64.28 may become a signal to start sales with the target at 63.08 or 62.40. Stop loss – 65.00. Implementation period: 2-3 days. [b]Use more opportunities of the NPBFX analytical portal: [/b][b]trading signals for commodities.[/b] How can a trader determine if it’s worth buying or selling Brent Crude Oil now or better waiting for a more favorable period? Use trading signals for commodities from the top 10 technical indicators on the NPBFX portal and make the right decisions! All registered users have free and unlimited access to the minutely updated trading signals (MA10, BBands, Ichimoku, Stochastic, ZigZag, etc.) for Gold, Silver, Brent and WTI Crude oil. If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist. Use the current recommendations of analysts on Brent Crude Oil and trade efficiently with [url=https://my.npbfx.com/register/?utm_campaign=register&utm_medium=forumpost&utm_source=earnforex]NPBFX[/url]. [/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…