We came down to previous structure support and held. From here we can buy with good risk/reward for a retest of previous highs.
oil buy advice on news Iraq Oil Minister says, Iraq is ready to cooperate on Production Cut Agrees to cut production by 900,000 Barrels Per Day and oil inventories also showed more demand then supply buy in range of 47.9-46.7 sl below 46 TP1 50 TP2 51.8
All non-OPEC producers were called upon to help stabilize the market b'cos their role was as critical as the role of OPEC members- and as we all know Oil demand is expanding at enormous healthy rate despite the slower global growth. - Eyeing = 56.1 very soon (within 2weeks) One of the famous oil investors suggest that freezing production or in other words...
I will buy crude oil at 45 to 46. T.P : 51.25 STOP: 44
oil holding Strong support around 46-46.5 level. Advice to buy oil in range 46.3-47 sl around 45.5 TP 48.5
Strong support seems around 43.1-42.6 level Buy oil cmp 43.5 next pending set at 42.8 both sl 42.2 TP 45
Buy oil cmp 45.05 Next buy limit 44.3 SL 43.5 TP 47
I have my fib drawn different today and also I have been analyzing a bit more before I post here. $44.61 is a very strong support and a possible good entry wait for the confirmation, $44.22 is also a good buy with heavy support at that level as well. NYC open my show the direction of the Market after gap is closed. This also may be a good short term short.