Bull Take a Rest
Brent Crude Oil price a healthy drop as we expected on 10th, Feb, 2017.
This shall be a correction of the bullish. The daily chart indicating it will have a test of 200 MA. Let's observe if it could be hold or not. We plan to enter our long position.
Bearish signal:
-10 day MA line cross down with 20 MA and 50 MA.
-Trading volume decrease (Daily, Weekly, and monthly.)
-Four days price drop.
-Stock price of major crude oil companies such as BP(BP), EXXON(XOM), Royal Dutch Shell(RDSA) are all dropping down leading crude oil price drop.
-Major commodity price index drop.
Bullish signal:
-OPEC is talking about further production cut.
-Key market Stock price going higher high. (imply: economic is turning better)
-OPEC crude oil producer and Shale oil producer sound like want to stop fighting with each other for suffering from world wide price drop for the past 2 years.
This shall be a correction of the bullish. The daily chart indicating it will have a test of 200 MA. Let's observe if it could be hold or not. We plan to enter our long position.
Bearish signal:
-10 day MA line cross down with 20 MA and 50 MA.
-Trading volume decrease (Daily, Weekly, and monthly.)
-Four days price drop.
-Stock price of major crude oil companies such as BP(BP), EXXON(XOM), Royal Dutch Shell(RDSA) are all dropping down leading crude oil price drop.
-Major commodity price index drop.
Bullish signal:
-OPEC is talking about further production cut.
-Key market Stock price going higher high. (imply: economic is turning better)
-OPEC crude oil producer and Shale oil producer sound like want to stop fighting with each other for suffering from world wide price drop for the past 2 years.
Publications connexes
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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.
Publications connexes
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.