Breakout Patterns PremiumCommoditiesCommodities PremiumCrude Oil ForecastCrude Oil Trade Ideas PremiumForecastsForming Harmonic PatternsPremiumTalking ChartsTrade Setups

WTI Crude Oil Technical Analysis And Trade Idea

WTI Crude Oil Technical Analysis And Trade Idea

Published 05-04-2018

We have published a detailed analysis on Monday.

The fundamental side is mixed. Iran Nuclear Agreement in May might be the determining factor in Crude Oil Prices.

On the Technical side, the price is above the EMA 50. However, H4 chart indicators and oscillators started to send bearish signals.

We have a bearish flag formation. If the price breaks below 62.50 support, 62.20 -62.00 interval will be the key levels.

Break and H4 closing below 62.20, would validate the bearish flag pattern. The target of the formation is 58-40-58.20. This level is one of the historical levels as well.

Updated: 04-07-2018

Price reached our first target. We have published a bullish pattern for premium members. We will be following our bullish bat pattern for the retracement.

We will keep updated the premium members as soon as the pattern is validated.

DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.

Chaetreaderpro.com
Forex Signals

COPY OUR TRADES

WTI Crude Oil :  Involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility

Show More

Related Articles

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Check Also

Close
Close

Adblock Detected

Please consider supporting us by disabling your ad blocker