OIL USOIL Trading Idea for IW21 (22/05/2017)
Updated
OIL is approaching deciding point soon at around $51.60 Resistance area.
I am bias toward Long at this.
Watch for this Wednesday Crude OIL Inventories Data.
If it break OIL shall heads towards $55 else it will retrace back to below $50
** Breakout skillz can be used here.
Trade Safe :)
I am bias toward Long at this.
Watch for this Wednesday Crude OIL Inventories Data.
If it break OIL shall heads towards $55 else it will retrace back to below $50
** Breakout skillz can be used here.
Trade Safe :)
Trade active
OIL entered to resistance area $51.60Breakout or Falls
Tonight crude oil inventory and Thurs OPEC Meetings will decide direction
Comment
So OIL didnt break out :)Resistance hit, now retrace back to $48 level
Due to disappointment in OPEC's production policy :D
Trade closed: target reached
Support at $48 level
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