First Target: 50.00
Risk: 42.20
Crude oil price soared strongly to cancel the head and shoulders’ pattern scenario explained in our last report, opening the way to resume the bullish trend on the medium term basis, supported by the exponential moving averages 50 and 100.
Breaching the recently recorded top at 46.78 will confirm rallying towards 50.00$ barrier, noting that continuing the expected bullish trend depends on the price stability above 42.20.
fxhighway.com
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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: 42.20
Crude oil price soared strongly to cancel the head and shoulders’ pattern scenario explained in our last report, opening the way to resume the bullish trend on the medium term basis, supported by the exponential moving averages 50 and 100.
Breaching the recently recorded top at 46.78 will confirm rallying towards 50.00$ barrier, noting that continuing the expected bullish trend depends on the price stability above 42.20.
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.