FXHighway
Long

Crude oil cancels the negative pattern – Technical Analysis – 12

NYMEX:CL1!   Light Crude Oil Futures
118 2 2
First Target: 50.00
Risk: 42.20

Crude oil             price soared strongly to cancel the head and shoulders’ pattern scenario explained in our last report, opening the way to resume the bullish trend on the medium term basis, supported by the exponential moving averages 50 and 100.

Breaching the recently recorded top at 46.78 will confirm rallying towards 50.00$ barrier, noting that continuing the expected bullish trend depends on the price stability above 42.20.


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
Well done, very good analysis
Reply
FXHighway bracken
Thanks mate
Reply
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
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 Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out