Updated View On WTI Oil (27 May 2019)
Back Ground: It did swing up to a strong support region of 56-58 and it had a bounce. I am expecting it shall slow downn the bear momentum for now.
It can swing up to $60 using the momentum but $60 shall be one tough level to break up.
Be very careful.
Target(s): Slight Bullish $60 (TP1)
SHTF: It will use 56 as strong support region.
DYODD, all the best and read the disclaimer too.
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Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Back Ground: It did swing up to a strong support region of 56-58 and it had a bounce. I am expecting it shall slow downn the bear momentum for now.
It can swing up to $60 using the momentum but $60 shall be one tough level to break up.
Be very careful.
Target(s): Slight Bullish $60 (TP1)
SHTF: It will use 56 as strong support region.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" <or> "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
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The Oil gets supported well from $56.8 region and a decently bullish looking pin bar to boost.
As we mentioned before. $60 is likely reachable and that region will act as hell of a resistant.