Crude Oil (WTI) 11/10/17 *$52.7 will be very hard resistant.
48.7x region is respected as expected.
Since the current move still in bull candle, that means the chance is going UP is stil higher. it can even go to as high as $52.7 region.
I expected things to get harder, to go up higher as more and more sell pressure shall come in.
So, please be careful, if the price starts to creep up $52.5 level.
Trade Safe,
s0nic
Disclaimer :
This analysis is purely based on technical analysis
Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
Since the current move still in bull candle, that means the chance is going UP is stil higher. it can even go to as high as $52.7 region.
I expected things to get harder, to go up higher as more and more sell pressure shall come in.
So, please be careful, if the price starts to creep up $52.5 level.
Trade Safe,
s0nic
Disclaimer :
This analysis is purely based on technical analysis
Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
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