1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

So Far, Saudi Jawboning of Crude Oil is Adding Buoyancy to Prices, and Keeping the Shorts...

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 24, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    After the Saudi announcement early this morning, which propelled oil from around $40.60 to a spike high at $42.75, crude pulled back to $41.09. However, it has since climbed again above $42.00 towards a test of the post-Saudi intraday high, which if hurdled and sustained, should trigger another round of short covering that points into the $44.00-$45.00 target zone.

    Continue reading...
     

Share This Page