TRDVMA

Brent Oil reaching end of correction?

FX:UKOIL   Crude Oil (Brent)
402 2 1
We can see that the correctional uptrend is at the boundary of a major long term resistance (Jun 2010). If the correction is an ABC pattern, which could very well be, than we may see oil             prices winding down back to 44$ a barrel from the current level of 70$. Now, what would that mean? We know that USD/CAD             pair is highly oversold and at levels, where a bounce back is almost imminent. At this point, when the oil             starts going down, this may create a better long setup for the USDCAD             pair.
Please, is there any updates and where are we heading?????

Thanks
Reply
gamexpress kHylnkHyln
$25 a barrel possible. Global deflation in progress . Commodities across the board heading lower. It does not look good.
Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out