FXHIGHWAY

 Breaking News


Crude Oil






11/10/2015 1:06:49 AM

Crude Oil amid negative outlooks – Technical Analysis – 10-11-2015



Crude oil price showed mixed trading on the intraday basis, moving inside a short term descending channel, pushed by the moving average 50, accompanied by stochastic forming a negative divergence that appears on chart, all these signals might force oil price to decline in the coming trading.

Therefore, we expect Crude oil price to decline in the next period to target 43.10 support, as long as the price is inside the mentioned descending channel.


Target
Risk


Support
Resistance


Trend Bearish

Logs

Advertisements