Crude Oil WTI (Bull momentum is slowing down?)
Updated
View On WTI Oil (28 Nov 2019)
The Oil price seems to be rounding off near $58, and the bullish momentum is slowing down.
it can make a pullback down to $56.7 first and $55 will be strong support.
DYODD, all the best and read the disclaimer too.
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Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
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Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
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The Oil price seems to be rounding off near $58, and the bullish momentum is slowing down.
it can make a pullback down to $56.7 first and $55 will be strong support.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" <or> "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Note
View On WTI Oil (4 Dec 2019)Oil price used $55 level as strong support as we mentioned (in 28 Nov) and it is drifting up.
It may swing up toward $57 region first, before the more resisting force to come in.
Note
Updated View On WTI Crude Oil (17 Dec 2019)It had a good swing up to $60 region and I expect that resistant region will not give way easily.
It may pull back lower first as $60 will be a VERY Strong resistant for the time being.
Note
Update View On WTI Oil (27 Dec 2019)I am on Wrong on this analysis.
It didn't stop and turn at $60 level as expected.
It may drift higher on low volume holiday season first.
It is definitely too early to call for a bear market.
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