CRUDE OIL is trading in a kind of a massive wedge
And now oil is falling down to retest the rising support and trendline around 68.00-69.00$
From the Support line expecting a local pullback
With the final target being the horizontal resistance above around 71.00 $!
Today is NON=Farm Payrolls and traders can see big movements.
If the OIl breaks the support on 68.00 , next target would e 63 $
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
And now oil is falling down to retest the rising support and trendline around 68.00-69.00$
From the Support line expecting a local pullback
With the final target being the horizontal resistance above around 71.00 $!
Today is NON=Farm Payrolls and traders can see big movements.
If the OIl breaks the support on 68.00 , next target would e 63 $
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.