FXHighway

Crude oil heads towards the psychological barrier

Long
NYMEX:CL1!   Contrats à terme sur pétrole brut léger
3
Target: 52.00
Risk: 46.90

Crude oil price continues to rise inside the ascending channel that appears on chart, and the price gets good positive support by the exponential moving averages 50 and 100, to approach from 50$ barrier now, noting that there are chances to find strong resistance there, it might force the price for some intraday decline before attempting to achieve more gains.

The price stability above 46.90 is main condition to continue rising on the short term basis.


www.fxhighway.com
www.facebook.com/fxhighwaycom/
twitter.com/

FXHighway mobile App:
Android: play.google.com...re/apps/details?id=com.fxh...
IOS: itunes.apple.co...wa/viewSoftware?id=1071234...

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.