Friday's Oil Rally Is Only Delaying The Inevitable

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Aug 16, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

    Sep 9, 2015
    Likes Received:
    If Oil bulls weren't pushing their luck on Friday, they certainly are now as the commodity's price is precariously high given the circumstances. Specifically, after pushing through the 38.2% Fibonacci level and the 100 day moving average, oil has moved deeper in overbought territory which could be foreshadowing a severe[​IMG]

    Continue reading...

Share This Page

free forex signals