OIL Weekly Forecast 20th-25th Jan 2020
- Oil Done a nice bearish move after the us and iran tension as expected, due to this big move down if I do anticipate a bearish move continuation, I will be looking for a corrective structure towards 59.3 and further more too 60.80.
- If this plays out the first target will be set at 56.75. This will be a key area for new entries.
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My weekly forecast, highlighting the overall trend with key levels to get an idea of the best targets in the upcoming week and weeks ahead. Basic projection of the market with technical/fundamental analysis and is to be used for ideas, entry point analysis is done on a daily basis for entries with minimal drawdown.
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Telegram -
- Oil Done a nice bearish move after the us and iran tension as expected, due to this big move down if I do anticipate a bearish move continuation, I will be looking for a corrective structure towards 59.3 and further more too 60.80.
- If this plays out the first target will be set at 56.75. This will be a key area for new entries.
.
My weekly forecast, highlighting the overall trend with key levels to get an idea of the best targets in the upcoming week and weeks ahead. Basic projection of the market with technical/fundamental analysis and is to be used for ideas, entry point analysis is done on a daily basis for entries with minimal drawdown.
-
-
Telegram -
Trade active:
Crude Oil/ XTIUSD Update - Sell zone 1 hit as soon as market opened at 59.9, will see if this area shows sign of continuation bearish or further pullback towards second sell zone at 60.80.
Trade active:
Check updated screenshot
