FXHIGHWAY

 Breaking News


Crude Oil






3/20/2017 3:21:40 AM

Crude Oil - Technical Analysis: Monday, 20/03/2017 07:21 GMT



Crude oil shows decline now to complete forming double top pattern that appears on the chart below, this pattern supports the continuation of the expected bearish trend for the coming period, waiting to break 48.55 level to confirm rallying towards the recently recorded low at 45.78.

Thus, the bearish trend will remain dominant on the coming trades, noting that surpassing 50.26 will release the price from the current negative pressure and lead to achieve gains that start at 51.64 then 53.02.


Target
Risk


Support
Resistance


Trend Bearish

Logs

Advertisements