FXHIGHWAY

 Breaking News


Crude Oil






5/15/2017 4:36:25 AM

Crude Oil - Technical Analysis: Monday, 15/05/2017 08:36 GMT



Crude oil price shows clear rise this morning to approach from the rising wedge's resistance that appears on the chart below, and RSI reaches the overbought areas to support the chances of return to decline again, to keep the bearish trend expected unless surpassing the mentioned wedge's resistance at 48.80.

The price needs to break 47.15 to confirm the continuation of the main bearish trend, which its next target located at 43.50.


Target
Risk


Support
Resistance


Trend Bearish

Logs

Advertisements