country flagالعربية
0

OIL Technical analysis 14 September 2018

2018-09-14 07:27 am | Resource: Technical Analysis | No Views : 30

Time frame Used - four hours
Oil is moving in a sideway  direction in the near term
OIL CHART
The selling force managed to control the movement of oil to drop to level of 68.52 again
  In view of the technical indicators
Both the RSI and the Stochastic are indicating the arrival of indicators to the oversold area
Accordingly, we expect that the oil will test level of  69.53
The alternative scenario is that oil drop to level of  67.33
Resistance: 69.53 - 70.42 - 71.44
Support: 68.52 - 67.33 - 66.09
Direction: sideway
Technical Analysis
Commodities Analysis
Bitcoin News


Other news

Market Report Highlights European Trading Session

The dollar rose on Monday to cut a two-week downtrend as investors bought the greenback ahead of the Federal Reserve's widely anticipated interest rate hike this week, while fears of trade wars showed investor appetite for risk. The dollar has struggled as fears over a trade war fade, and central banks in Turkey's emerging markets have taken firm steps to stabilize their markets. Business War Today's trading session entered a…

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.