WTI Oil- Trendline Break - Bounce expected - 7th Nov, 2014
H4 Chart
- Oil is finally showing some support from the Support at 77.
- H4 Trendline break has occurred to further support a small reversal
- Resistance is around the 80 level - but stronger resis is at 84
Outlook Trade opportunity
Could look for opportunity to long it however lower your risk appetite as its countertrend
Risk Level __
Tips -
Always take note of any economical news event on our provided calender below
Résuméabuiyad
USDCAD Forecast and Trade setup for the week ending 12th September, 2014
Weekly Chart
- If we stay above support, this area is wide and previously had huge movements .
Daily Chart
- Staying above support with many tails , as well as Two EMA is looking to cross
- Note there is weakening and negative RSI divergence
Hourly Chart
Outlook Trade opportunity
Could be ranging, but favour long trades
Risk Level Low
Tips -
Always take note of any economical news event on our provided calender below
Résuméabuiyad
