Published on 22 Apr 2017
The
WTI Crude Oil market broke down during the session on Friday, as we
continue to see quite a bit of bearish pressure. In fact, we even tested
the 200-day exponential moving average but it did hold as support. We
are below the $50 level now, and I think that signals that this market
could go much lower. The short-term bounce might be an opportunity to
start selling from higher levels on signs of exhaustion if you can pay
attention to shorter-term charts. I have no interest in buying, I think
that the tide has turned again as traders are finally beginning to
appreciate the fact that there is a massive oversupply of crude oil in
the world right now.Live News Channels
Al Jazeera: DW News: France 24: Sky News: Euronews in english: Arirang TV:
“As an Amazon Associate I earn from qualifying purchases.” -
Amazon.com - Amazon.co.uk
No comments:
Post a Comment