FxWirePro
Long

US OIL breaks minor resistance, targets $31.40

FX:USOIL   Crude Oil (WTI)
687 4 13
Minor resistance - $29.10

Minor support - $28.70

US Oil             has broken minor trend line resistance , a jump till $30/$31.30 is possible .

It is good to buy at dips around $29.20 with SL around $28.70 for the TP of $30/$31.40
Would be interested to hear your thoughts on where crude goes from here. This smells like an algo-induced rally and panic short covering. Fundamentals are bearish (with Iran not wanting to freeze production levels - in fact, wanting ramp up production to pre-sanction levels). Also, today was Opex for the march contract. Today feels like stop-run frenzy - nothing more. Thoughts?
Reply
You. Nailed. It.
Reply
Nailed this thnx.....
Reply
your analysis are amazing.
Reply
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
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 Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out