WTI Crude Oil/U.S.D 4th time price retreats from Nov 2015 @50.50

Singkat

U.S. DOLLAR / WTI CRUDE OIL (FX_IDC:USDWTI)

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FX_IDC:USDWTI U.S. DOLLAR / WTI CRUDE OIL

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WTI Crude Oil/U.S. Dollar climbs to Nov 2015 resistance level @50.50 on July 31, 2017 only to find itself met with killer bears fresh from hibernation. The Nov 2016 low @ 42.23 has held as support for nearly a year as price looks to return. Bulls will contend for position strongly @ the 48.28 range, and again at the 45.57 range if approached. Trade well good people. @cryptoseraph

Dagangan aktif:

USOIL continues sideways intra-day as price pullbacks but does not break previous day high @ 50.23 range. Bulls have limited steam.

Dagangan aktif:

Daily MACD continues to show Bullish stochastic sentiment, while the Weekly and Monthly charts show Bearish MACD sentiment. Market sideways possibly until market open Thursday July 3, 2017.

Dagangan aktif:

After a week of back and forth battle for dominance, the Bears maintain advantage as price fails to reach any previous week highs.

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