Oil Strong hold its support of 43.5 and Formed Strong bullish candles and also Done fibo 100% now trading above 0.23 we are expecting it may touch 0.50-0.61% Advice buy oil in range of 45.5-44.4 sl below 43.7 TP1 47.3 TP 49.5
Despite the title, I take this trade with 100% seriousness. Oil has been heavily oversold in the past days and despite bad fundamental aspects, it has to "rest" before selling off more. Today (11/3/2016) we saw a quite rare phenomenon where a candle opens outside the lower BB and holds. NEVER in the past 2 years has this happened, without a "correction" in...
PRICE CAME DOWN AND RETESTED THE MAJOR SUPPORT TREND LINE AND THE 0.618 (43.00) FIB LEVEL. PRICE SHOULD BOUNCE BACK. ENTER WITH A BUY STOP JUST BELOW THE 43.60 PRICE LEVEL. STOP LOSS JUST BELOW THE 0.618 FIB LEVEL AND THE MAJOR SUPPORT TREND LINE. PROFIT TARGET IS 46.70 PRICE LEVEL. STOCHASTIC/RSI IS GOING BELOW THE 20 LEVEL.
Oil Traing around 47 level Where strong support seems around 46-46.3 level. We advice to buy oil cmp 47 next pending order 46.3 both Sl set at 45.3 and tp1 49 TP2 51
oil Trading at 44.55 level API data showed Demand is more then Supply it can push oil from cmp. our Advice buy cmp 44.56 next pending 43.8 Both sl 43.2 TP 46