Oil (WTI) 21/8/17 *$50 is hard resistant
Oil is little bit in dilemma.
Bull nor Bear, it is not so clear at this moment.
We had a nice swing back on last Friday toward big resistant of 48.70 region.
I am seeing oil will have a hard time climbing from now on, and $50 region will be very hard to break up.
I am slighty bearish at this moment.
Trade Safe,
s0nic
Disclaimer :
This analysis not include personal feeling/opinion, and pure base 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.
please inform me with post a comment if it reach some critical point/break pattern, reach target/reach stop level.
or if there is any question about this analysis/need new update.
Because im not monitoring this chart all time.
Bull nor Bear, it is not so clear at this moment.
We had a nice swing back on last Friday toward big resistant of 48.70 region.
I am seeing oil will have a hard time climbing from now on, and $50 region will be very hard to break up.
I am slighty bearish at this moment.
Trade Safe,
s0nic
Disclaimer :
This analysis not include personal feeling/opinion, and pure base 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.
please inform me with post a comment if it reach some critical point/break pattern, reach target/reach stop level.
or if there is any question about this analysis/need new update.
Because im not monitoring this chart all time.
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