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umakanthraok
31 Ogs 2016 pukul 13.22

Crude Oil to fall...But volatile before fall Singkat

Crude Oil FuturesNYMEX

Huraian

The recent dollar index bounce back has led to many commodities to weaken and as a result, Crude oil has made a descending triangle break down on the 4-hrly chart. The next big number due to release this week, the Non-Farm payroll may not be a major event as the FED rate hike is already being factored in the dollar index rally. However timing a short trade is sometimes not easy, even in obvious market trends. I would see a good shorting opportunity in crude oil, only on a spurt of rally back to say USD 46.75 -47.00, for a stop loss at previous lower peak of 47.50, inorder to manage a favorable risk reward ratio.
Lebih