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Si.Yang
8. Aug. 2016 14:37

Crude oil retreated to 44.40 by the resistance Long

FX:USOIL240
Crude Oil (WTI)FXCM

Beschreibung

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Crude oil retreated to 44.40 by the resistance

Kommentar

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Take-needed 2 hours, if closed at 42.91 under the same policy or, if this is just a retracement, it would be a buying opportunity again
Crude Oil WTIWTIOilCrude Oil Brent
Kommentare
XiaoLi
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Si Yang, I think you might want to stick with your previous idea that price ceiling of crude will more likely around 43. REASON: 1. Fib retracement (0.618 point) of last the downfall shows this retrace might not higher than 43.5; 2. 43.15 area will be considered as a resistance; 3. The momentum and 4hr rsi wont support this as high as 44.4;
Best luck on your trading.

Xiao
Si.Yang
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Thank you, probably close around 43.90
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