Comparic

US OIL D1 - test of key support area before EIA weekly report

TVC:USOIL   CFDs on WTI Crude Oil
The WTI OIL price in US dollars is moving in wide consolidation, where the upper limit is around 55.00 range. On the other hand, support from the bottom provides zone around 43.30 level.

It was just the aforementioned support zone that price reached yesterday, setting another lower low. Within the consolidation we can notice a smaller downward trend, where the lows and highs shown in the chart below are formed at lower and lower levels.

It is possible we will see a further rebound from support area . However, if the downward trend is to continue, after a short break area around 43.30 may be broken. It would then open way to key support around the $40.
Sprawdź największy polski portal traderski - http://comparic.pl i dołącz do najbliższej edycji konferencji FxCuffs 2018 już w marcu! http://expo.fxcuffs.pl. Do zobaczenia w Krakowie!
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out