mantracommodity
Long

Corrective bounce ahead

FX:USOIL   CFDs on Crude Oil (WTI)
Crude (12.9.2014) fall sharply in last few weeks & reach to the $90 sociological level.

Now crude is trading around $92.40 & the bounce $90 mark is well supported by many factors like 261.8% feb ret. , a lower tradeline of descending channel as well as a very strong positive divergence. All this together providing a buying opportunity at current level.

On fundamental side , continue demand for sanction on russia putting a dent on crude production future.

Based on above studies , crude possibly move towards $94.80 & then $96.50. a day close below $89.50 will delay the forecast.

MCX             -> S2(5550) S1(5550) cmp(5678) R1(5740) R2(5833)


Note - Above technical analysis is not a buy/sell recommendation. For recommendations Contact Us
Call Us : 088890 34986
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
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