TipTVFinance

WTI Oil - eyeing decadal rising trend line hurdle around $48

FX:USOIL   CFDs on Crude Oil (WTI)
Check out the monthly chart.

If we join Dec 1998 low and Nov 2011 low and extend the trend line to infinity, we see it acting as a resistance today around $48.00.

Note the trend line acted as a strong support post 2008 crash. Watch for exhaustion as prices near $48.00 as we may head back to $45-43 levels on repeated failure near $48.00.
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
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