Sunday, September 4, 2016

Crude Oil Trading: Weekends Post for the week 5th Sept - 9th Sept

Crude oil should still be on side-ways movement till the next catalyst like the OPEC meeting in Sept. The inverse head and shoulder pattern is still valid in the monthly TF until it is not.




In the daily TF, there is a double inside bar. It is possible a big move is coming in the next few days.



Daily support/resistance on 5th Sept: 44.11, 43.92
Weekly support/resistance from  5th Sept - 9th Sept: 44.55, 45.25
Monthly support/resistance for Sept: 44.67, 44.28, 44.79, 44.66

No comments:

Post a Comment