forex_managed_account_1

Is the fourth time the charm for this oil rally?

Discussion in 'Technical Analysis' started by ForexLive, Aug 11, 2016.

  1. ForexLive

    ForexLive Forum Member

    Joined:
    Sep 2, 2015
    Messages:
    17,337
    Likes Received:
    1
    Oil keeps bouncing back Yesterday we were looking at the failure in WTI around $43 area. We'd seen triple top in place and I warned that a break of 42.00 could be trouble. It did, and it was and we saw the best part of a buck come off the price before it stabilised. And guess what, here we are back up at the $43 area banging our head on the recent highs, in no small part due to waffle from the Saudi's.

    Read full forex technical analysis here
     

Share This Page

free forex signals