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Wtiusd

Oil is in really important price.Crude OIL is right now in a really important area. Fundamentally, Opec is currently made a statement of cutting the supply side, but the world economic slowdown is suspected by some. Due to that oil price is not really spiking up in price. Technically, OIl is right now really important and interesting price area. $57.60 per barrel was previously strong support and resistance. And, if you can see from my chart the resistance line is broken and now retesting it. Also, there is a big time-frame strong support line can be seen from the bullish view. As long as $57.60 hold I am bullish.
FX:USOILLong
by Purvee
USOIL price flow forecast view by pretiming algorithm30-Jun Price forecast timing analysis based on pretiming algorithm of Supply-Demand(S&D) strength. Investing position about Supply-Demand(S&D) strength: In Rising section of high profit & low risk Supply-Demand(S&D) strength Trend Analysis: About to begin an upward trend as a adjustment trend gradually gives way to increasing limited falls and strong rises. Today's S&D strength Flow: Supply-Demand strength has changed to a strengthening buying flow when stock market opening. read more: www.pretiming.com D+1 Candlestick Color forecast: GREEN Candlestick %D+1 Range forecast: 1.9% (HIGH) ~ -0.2% (LOW), 0.6% (CLOSE) %AVG in case of rising: 1.9% (HIGH) ~ -0.6% (LOW), 1.4% (CLOSE) %AVG in case of falling: 1.0% (HIGH) ~ -1.8% (LOW), -0.8% (CLOSE)
TVC:USOIL
by pretiming
1
FX TRAIT: CRUDE OUTLOOK CRUDE OIL: OUTLOOK AMIDST TRADE WAR AND OPEC MEETING Taking a look into crude ahead of the weekly inventory report. Amidst the Trade-War, Crude appears to have held firm on its support at the 57.00 benchmark, taking a full retracement from the 61.8% fibo. We are expecting to see a further decline in price towards $55.00/Bar. As oversupply and trade war still pose a massive threat on the black gold commodity. Opec Meeting still in review by next month 25th which will determine if the decline may continue further down or balance will be seen. As of now crude is still bearish, but investors are keenly advised to pay good attention the levels and make good use of money management while keeping positions opened. FX-TRAIT ANALYSIS REPORT JOIN US AT FXTRAIT
FX:USOILShort
by FXTRAIT