country flagالعربية
0

OIL Technical analysis 22 June 2018

2018-06-22 01:35 am | Resource: Technical Analysis | No Views : 68

Time frame Used - four hours
Oil is moving in a sideway direction in the near term
OIL CHART
The purchasing power managed to control the movement of oil to penetrate the level of resistance 65.93 higher
  In view of the technical indicators
Both the RSI and the Stochastic are showing signs of recovery
Accordingly, we expect that the oil will  target levels of  66.50 - 67.10
The alternative scenario is that the oil retreated  to the level of 64.53 - 63.37
Resistance: 65.93 - 66.50 - 67.10
Support: 64.53 - 63.37 - 62.50
Direction: sideway
Technical Analysis
Commodities Analysis
Bitcoin News


Other news

Oil traded on the rise as Russia cut production for November

 Crude oil prices traded in the Green Zone on Thursday as investors continued to report that Russia cut production in November. One of the largest oil exporters reduced its oil production in the first two weeks of this month to 11.38 million barrels per day. Earlier this week, Russian Energy Minister Alexander Novak said the country's crude production could be lower in November, with Russia cutting production by 20,000 bpd…

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.