anyoption
Short

Crude Oil – Continue Downwards?

NYMEX:CL1!   Light Crude Oil Futures
171 0 6
The daily trend according to the daily time frame is Downtrend technically indicated by following:
• Dow pattern- lower tops and lower bottoms: T1-B1-T2-B2
The downtrend is confirmed by the bearish cross of MA10 below MA20.
Prices are trading below the resistance level at 49.90 the 61.8% Fib (resistance 1) and above the 76.4% Fib level at 46.90 (support 1).
Therefore, we will recommend SHORT POSITIONS for the no position holders on Crude Oil             . Take profit at 45.00 (take profit 1) and at 42.60 (take profit 2). Stop loss should be a bit above the resistance level-R1, thus the stop loss is at 51.00.
For LONG positions, we will recommend to go long in case of a trend-line break (trend reversal).
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out