Oil (F) 2018-09-04

Posted on

Crude oil managed to break above 70.50 which may hold an uptrend wave inside trading zone formation between 68.70-69.00 support and 71.60 and 72.20 resistances

Below 68.70 market may add more drop toward 66.30 support while Below this support 64.50 Old support may be under attack

Above 72.20 more advance toward 74.00 may hit the market

  Support Resistance
Level 1 70.40-50 71.60
Level 2 69.50 72.20
Level 3 68.70 74.00
(Visited 1 times, 1 visits today)

Rami Abu-Dra`a is a Chief Technical Analyst at Orbex and a holder of B.S Degree in Banking & Financial Science / Subsidiary Economic. Rami ‘s strategic vision of forex markets, enhanced by more than a decade of trading experience, allows him to efficiently mix fundamental and technical analyses, and find the best investment ideas for Orbex traders.

- Website

START TRADING

or practice on DEMO ACCOUNT

Trading CFDs Involves high risk of loss

Rami Abu-Dra`a is a Chief Technical Analyst at Orbex and a holder of B.S Degree in Banking & Financial Science / Subsidiary Economic. Rami ‘s strategic vision of forex markets, enhanced by more than a decade of trading experience, allows him to efficiently mix fundamental and technical analyses, and find the best investment ideas for Orbex traders.

© Orbex