FxWirePro
Long

US Oil :Buy above 161.8% extension ($49.35)

FX:USOIL   Crude Oil (WTI)
525 1 8
Major resistance - $49.35 (161.8% retracement of 46.79 and 42.90)

Major support - $47.57 (10 day EMA )

US oil             hits highest in seven months at $49.32 on expected supply drop. The commodity has broken $49.27 (20 the May high) and jumped till $49.32.It is currently trading at $49.23.

According American Petroleum Institute U.S crude inventories dropped by 5.14 million barrels last week.

US crude should break above $49.35 for further up move .Any break above $49.35 will take the commodity to next level $50/$50.90 level.

On the lower side minor support is around $48.70 and break below targets $48/$46.75.

It is good to buy above $49.35 with SL around $48.60 for the TP of $50/$50.90
very nice work
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
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 My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out