Salmanmemon786

Oil Technical and Fundamental Views

FX:USOIL   CFDs on Crude Oil (WTI)
100 3 10
Oil             Technical and Fundamental Views

The overnight gains are currently shed as investors have set aside the long term positive news of Iran's participation in Oil             Production Freeze Talks, and are focusing the short term news, i.e. the US Weekly Inventories. American Petroleum Institute showed in its survey that Crude Oil             Inventories are in a surplus which suggests weak demand in the US. While, the actual figures will be released at 19:30 (local time / GMT             +5).

Technically, Oil             has very strong support at 46.30 now and if it fails to hold by closing today, the next level would be 44.50. On the upside, the potential is still there for 49.50 and break above that would open 51.
thank you for the valuable analysis..
Reply
you Welcome Stay with us Will try to give as more as we can
Reply
ahneo Salmanmemon786
thank you for your kindness and advice..
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
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