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[QUOTE="Antony_NPBFX, post: 169848, member: 38727"] [SIZE=5][B] Brent Crude Oil: oil prices are going down 13.09.2019[/B][/SIZE] Good afternoon, dear forum visitors! [URL='https://www.tb.marketinstructor.com/?referer1=earnforex.com'] 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 fell on Thursday, responding to OPEC+ decision to leave the parameters for reducing oil production unchanged. The central place in the discussions was given to the production reduction in Russia, Nigeria and Iraq to the indicated levels, and it was decided to postpone the discussion of changing these levels at the December meeting of the cartel. Additional pressure on the instrument was provided by the ECB decision of lowering deposit rates and launching a new quantitative easing program. Immediately after the publication of this decision, Donald Trump again criticized the Fed and demanded immediate action. It is possible that the Fed decision next week will be adjusted according to the example of the ECB, and the market will see a more active easing of monetary policy. Today, investors expect Baker Hughes Oil Rig Count to be published. [B] Support and resistance [/B] Bollinger Bands in the D1 chart demonstrate flat dynamics. The price range is narrowing, reflecting ambiguous dynamics of trading in the short term. MACD is declining keeping a weak sell signal (located below the signal line). In addition, the indicator is trying to consolidate below the zero mark. Stochastic keeps a steady downward direction, but is rapidly approaching its lows, which indicates the growing risks associated with the oversold instrument in the ultra-short term. Existing short positions should be kept until the situation clears up. Resistance levels: 60.70, 61.51, 62.67, 64.00. Support levels: 60.00, 59.10, 58.28, 57.57. [IMG]http://businesspr-finance.com/wp-content/uploads/2019/09/oil-3.png[/IMG] [IMG]http://businesspr-finance.com/wp-content/uploads/2019/09/oil-4.png[/IMG] [B] Trading tips [/B] To open long positions, one can rely on the breakout of 60.70 or 61.00. Take profit — 62.67 or 63.00. Stop loss — 60.00. A confident breakdown of 60.00 may become a signal to further sales with target at 58.28 or 57.57. Stop loss — 61.00. Implementation time: 2-3 days. [B]Use more opportunities of the NPBFX analytical portal: glossary[/B] Beginning traders certainly face a lot of specialized concepts and lexicon on FOREX, which are often not fully been understood. Swap, tick, hedge, margin calls are often unfamiliar to beginning traders. But the lack of knowledge of these fundamentals make a competent market vision impossible. So glossary on the NPBFX analytical portal could be an excellent helper in this case, which contains all the main definitions with explanations in a compact and accessible form. All concepts are arranged in alphabetical order, so that you can easily and quickly find and explore a new concept for yourself. 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]
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