Crude oil analysis shows a bullish flag formation targeting 105.20, provided prices hold above the 95.90 support level.
Crude Oil still holding the advance wave while Intraday detect a F;lag formation that may send Oil price higher as we see over the chart
Intraday support laying at 95.90 where as long as market holding above this level the advance is likely toward 105.20 and 108.55
Below 95.90 more drop to test 92.70 and maybe 89.80 where each support may activate the advance again
SUPPORT | RESISTANCE | |
LEVEL1 | 95.90 | 101.35 |
LEVEL2 | 92.70 | 105.20 |
LEVEL3 | 89.80 | 108.55 |
Orbex LIMITED is a fully licensed and Regulated Cyprus Investment Firm (CIF) governed and supervised by the Cyprus Securities and Exchange Commission (CySEC) (License Number 124/10). Orbex LIMITED is licensed to provide Investment Services (Reception & Transmission, Execution and Dealing on own account) and Ancillary Services.
Risk Warning: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, the level of experience, and risk appetite. There is a possibility that you may sustain a loss of some or all of your 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 if you have any doubts.
Comments
Log in or sign up to join the conversation.