oil inventories near to come Be Alert. expected drop after jump

oil inventories near to come with in 15 mins. As
technical oil support seems at 48.5 resistance 50.5.
now trading at middle point. 49.4 expected after news
can jump then drop . if hold on daily above 50.7 next
station 52-52.5 where breakage 48.5 may call for 47

Advice to sell in range of 49.35-50.5 sl above 51 TP 46.

Use small lot.

Comment:

US Crude Oil Inventories demand more then Supply its good for oil as Fundamentally but oil already taken impact of this and its near high and its strong Resistance may b a jump toward 49.9-50.2 we can see but a chance for drop toward 48 on way

Comment:

oil honor perfectly As Expected 49.35 then a jump toward 50.25 then a drop 48.4 still doping hopefully will Follow more now 48.5 and same advice as strong support so have to see if hold below 48.5 on H4 then other drop we will soon Stay with Trade. Cheers 80+ pips

Comment:

oil Trading around 48.1 level where monthly pivot at same price 48.1 if its give daily closing below 48.1 then a sharp down we can see soon Strong Resistance 49-49.7

Comment:

oil 46.7 perfectly pips raining waiting for TP

Trade closed: target reached:

Finally TP done