country flagالعربية
0
0

OIL Technical analysis 14 December 2018

2018-12-14 07:16 am | Resource: Technical Analysis | No Views : 202

Time frame Used - four hours
Oil is moving in a sideway direction in the near term.
OIL CHART
Oil is still facing resistance and selling pressure around levels of 52.66 - 54.54.
In view of the technical indicators
Both the RSI and Stochastic are indicating to weakness of the indicators.
Therefore, we expect that the oil will test the level of 50.00 dollar, which by breaking it down will target the levels of 48.50 - 47.50
The alternative scenario is that the oil retest levels of 52.66-54.50.
Resistance: 52.50 - 54.50 - 55.50
Support: 50.0 - 48.50 - 47.50
Direction: sideway
Technical Analysis
Commodities Analysis
Bitcoin News


Other news

Gold prices fell with the rise of futures for US stocks during Friday trading

Gold prices fell on Friday as Wall Street rallied on expectations that the United States and China will finally resolve their trade dispute. Investors are also awaiting retail sales and industrial production results to be announced later today. Yesterday, Chinese customs said they would lift restrictions on imports of poultry meat from the United States and become effective immediately. The drop in gold prices came after White House economic adviser…

More news

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any doubts.TradingPekk.com does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.