FXHighway
Short

Crude oil draws negative pattern – Technical Analysis – 06-05-20

NYMEX:CL1!   Light Crude Oil Futures
130 0 1
Target: 39.00
Risk: 45.30

Crude oil             price trades with bearish bias to approach from completing a head and shoulders’ pattern that appears on chart, the confirmation level of this pattern is located at 43.40, and breaking this level will push the price to decline towards 39.00 mainly.

Stochastic offers negative signal that supports completing the mentioned negative pattern, thus, the bearish trend will be expected for the coming period, and the price stability below 45.30 is an important condition to achieve the waited targets.


http://www.fxhighway.com
https://www.facebook.com/fxhighwaycom/
https://twitter.com/

FXHighway mobile App:
Android: https://play.google.com/store/apps/details?id=com.fxhighway.apps
IOS: https://itunes.apple.com/WebObjects/MZStore.woa/wa/viewSoftware?id=1071234193&mt=8
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