OIL is approaching deciding point soon at around $51.60 Resistance area.
I am bias toward Long at this.
Watch for this Wednesday Crude OIL Inventories Data.
If it break OIL shall heads towards $55 else it will retrace back to below $50
** Breakout skillz can be used here.
Trade Safe :)
I am bias toward Long at this.
Watch for this Wednesday Crude OIL Inventories Data.
If it break OIL shall heads towards $55 else it will retrace back to below $50
** Breakout skillz can be used here.
Trade Safe :)
Trade active:
OIL entered to resistance area $51.60
Breakout or Falls
Tonight crude oil inventory and Thurs OPEC Meetings will decide direction
Breakout or Falls
Tonight crude oil inventory and Thurs OPEC Meetings will decide direction
Trade closed: target reached:
Support at $48 level
Resistance hit, now retrace back to $48 level
Due to disappointment in OPEC's production policy :D