Target: 39.00
Risk: 45.30
Crude oil price trades with bearish bias to approach from completing a head and shoulders’ pattern that appears on chart, the confirmation level of this pattern is located at 43.40, and breaking this level will push the price to decline towards 39.00 mainly.
Stochastic offers negative signal that supports completing the mentioned negative pattern, thus, the bearish trend will be expected for the coming period, and the price stability below 45.30 is an important condition to achieve the waited targets.
fxhighway.com
facebook.com/fxhighwaycom/
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FXHighway mobile App:
Android: play.google.com/store/apps/details?id=com.fxhighway.apps
IOS: itunes.apple.com/WebObjects/MZStore.woa/wa/viewSoftware?id=1071234193&mt=8
Risk: 45.30
Crude oil price trades with bearish bias to approach from completing a head and shoulders’ pattern that appears on chart, the confirmation level of this pattern is located at 43.40, and breaking this level will push the price to decline towards 39.00 mainly.
Stochastic offers negative signal that supports completing the mentioned negative pattern, thus, the bearish trend will be expected for the coming period, and the price stability below 45.30 is an important condition to achieve the waited targets.
fxhighway.com
facebook.com/fxhighwaycom/
twitter.com/
FXHighway mobile App:
Android: play.google.com/store/apps/details?id=com.fxhighway.apps
IOS: itunes.apple.com/WebObjects/MZStore.woa/wa/viewSoftware?id=1071234193&mt=8
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.