FXHighway
Short

Crude Oil heading south

NYMEX:CL1!   Light Crude Oil Futures
315 0 2
Target: 42.00 - 40.00
Risk: 50.50

Technical Reasons:

Crude oil             price touched the recent low at 43.58, and the negative pressure coming from the exponential moving averages 50 and 100 continues, while breaking the mentioned support will push to continue the bearish trend towards 42.00 then 40.00.

The recent break to 47.80 level is a negative factor that supports achieving more decline on the short term and medium term basis.

http://www.fxhighway.com
https://www.facebook.com/fxhighwaycom/
https://twitter.com/
https://plus.google.com/105427315961677289743/posts
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
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