Crude oil Price Prediction step by step
Crude oil Forecasting step by step
“Crude oil can be seen that the Last support area holdsAre we are going to 26-28$…. and performed a move that will lead to areas 51-4$......”
Now I think, by the behavior of prices, patterns, positions, and background noise from the side, the oil on his way to the $ 34-36
I want to be noticed in trading volume and price behavior on two specific dates
11/05/2016 and 06/09/2016
Any upward movement of oil trading volume - either higher or lower if Underlined the amount of volume testing performed during the period.
Only twice found abnormal amount of transactions - Attention candles:
05/11/2016 candle marks on buying (Acquisition of goods),While 09/06/2016 candle show sales sign (Release of goods),If this is the case so expect to see crude oil move down
And oil is on its way to 34-36$
COT position and MAP position
In terms of positions monument, we can see some interesting stuff
There is more room for decline - short traders advantage
Pay attention to the number of positions
Technical Analysis:
If oil will move below 39.70 again the next stop will be at
37.20+_, we can see that there is
even more room for lower prices numbers 33-35 area, for my opinion crude oil expected to meet again 33-34$
The trend is bearish as long as crude oil stay below
the level of 46 .89 $ -Move above will change the trend - Gartley pattern shown on the charts
This review does not including any document and / or file attached to it as an advice or recommendation to buy / sell securities and / or other advice
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