Fundamentally, tensions in the Middle East supporting the Bullish Move in Crude Oil prices.
However; climb in U.S. production is capping WTI oil prices and undermining efforts from the Organization of the Petroleum Exporting Countries (OPEC) to prop up prices by withholding production.
DXY is also important in the midterm direction of Crude Prices. We need to wait FED's decision and markets reaction.
Technically:
The main trend is still bullish. On the H4 chart, the price is above all major EMAs. And we see the golden cross of EMA 50,100 AND 200 which indicates a stronger bullish bias.
Key Levels.
63.30 remains as a strong resistance.
Support zone is 61.70 – 61.30
Pullbacks towards 61.70 can be used as buying opportunities.
Another buying opportunity is close above 63.30 and the target will be 65.40-65.60
Intraday Levels:
62.50 MM 8/8. Bullish intraday bias will continue as long as the price remains above 62.50.
On the downside: 62.11, 61.72 and 61.33 ( Pullback Levels to use as buying opportunities )
On the upside: 62.89 and 63.28. ( Above 63.28, the new midterm target will be 65.40)
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
However; climb in U.S. production is capping WTI oil prices and undermining efforts from the Organization of the Petroleum Exporting Countries (OPEC) to prop up prices by withholding production.
DXY is also important in the midterm direction of Crude Prices. We need to wait FED's decision and markets reaction.
Technically:
The main trend is still bullish. On the H4 chart, the price is above all major EMAs. And we see the golden cross of EMA 50,100 AND 200 which indicates a stronger bullish bias.
Key Levels.
63.30 remains as a strong resistance.
Support zone is 61.70 – 61.30
Pullbacks towards 61.70 can be used as buying opportunities.
Another buying opportunity is close above 63.30 and the target will be 65.40-65.60
Intraday Levels:
62.50 MM 8/8. Bullish intraday bias will continue as long as the price remains above 62.50.
On the downside: 62.11, 61.72 and 61.33 ( Pullback Levels to use as buying opportunities )
On the upside: 62.89 and 63.28. ( Above 63.28, the new midterm target will be 65.40)
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
註釋
The target of Crude is 65.25. We will look for a Short Opportunity at D.
註釋
Taking profits of 45 pips. Moving Stop Loss to entry. 65.25
Discord Channel : discord.gg/Ku9kzfq
Cycle Sniper Indicator: mql5.com/en/market/product/51950
Cycle Sniper Indicator: mql5.com/en/market/product/51950
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Discord Channel : discord.gg/Ku9kzfq
Cycle Sniper Indicator: mql5.com/en/market/product/51950
Cycle Sniper Indicator: mql5.com/en/market/product/51950
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。