country flagالعربية
0

OIL Technical analysis 13 June 2018

2018-06-13 12:42 am | Resource: Technical Analysis | No Views : 130

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 indicating signs of recovery
Accordingly, we expect that the  oil will  target level of  67.36
The alternative scenario is that the oil  drop to level of  64.53
Resistance: 65.93 - 67.36 - 68.61
Support: 64.53 - 63.00 - 62.50
Direction: sideway
Technical Analysis
Commodities Analysis
Bitcoin News


Other news

Oil fell with the start of weekly trading

 Brent crude Brent crude fell on Monday to trade higher in the morning before falling back $ 62, after OPEC and its allies agreed to cut output and concerns about Libya's largest oil field. Earlier in the week, major oil producers reached a preliminary agreement to cut oil production by 1.2 million bpd, with OPEC output cut by 800,000 barrels per day, while Russia and allied producers would release 400,000…

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.