Skip to main content

100% Accurate Royal Calls And One Day Free Trial



RoyalTraders
Call@9719026661
www.RoyalTraders.co
Best Accuracy For RoyalTraders


RoyalTraders live news update:


Crude Oil continues to show signs of strength over the week

The WTI Crude Oil market has pulled back a bit during the week, only to turn around and show signs of support and form a hammer. The hammer of course is a bullish sign and I think that the market should continue to go higher, perhaps reaching towards the psychologically important $70 level. If we can break above there, and it looks like we may, then it starts to target the $72.50 level. I believe the pullbacks will continue to find support underneath that the uptrend line and breaking above the top of the ascending triangle is also a good sign. If we break down below the uptrend line, then it’s time to start selling.

Brent
Brent markets also pulled back initially during the week, reaching towards the $70 level. We turned around to form a hammer though, and it looks as if we are ready to continue going higher. There is a nice uptrend line underneath that should continue to push this market to the upside, and I think we will probably go to the $75 level, and then possibly even the $80 level. I think that the market breaking below the uptrend line would of course be a very negative sign, but right now we don’t have that going on, so it looks like buyers continue to see dips as value that they can take advantage of. If we did breakdown below the uptrend line, then we probably go to the $65, and then possibly the $60 level.

Comments

Popular posts from this blog

LIVE CRUDE NEWS UPDATE BY DELTA RESEARCH

  Missed Call Or WhatsApp  Arushi Pathak 7900407979 www.deltamcx.com  Maximum Accuracy Best Returns Oil prices traded lower on Monday in Asia. Sino -U.S. trade war developments were in focus.U.S.  Crude Oil WTI Futures  fell 1.1% to $55.04 by 12:35 AM ET (04:35 GMT.). International  Brent Oil Futures  were down 1.2% to $61.16.Concerns that the U.S.-China trade war may further intensify eased somewhat after President Donald Trump reportedly said that proposed tariffs on China could be delayed or halted if Beijing “takes positive action.”During an interview with CNBC, Trump said that his administration could delay or halt the imposition of tariffs if China " takes positive action." The comments came on Friday, a day after Trump announced that the U.S. would impose new levies on $300 billion worth of Chinese goods, raising fresh fears about oil demand growth, sending oil prices tumbling 8% - their biggest one-day drop in more than four years.The t...

MID MONTH SPECIAL WITH ROYALTRADERS

RoyalTraders Call@9719026661 www.RoyalTraders.co Best Accuracy For Royal Traders Mid Month Special: Join Today Bullion+ Energy+Basemetal Pack @ Rs.10001 For 100 Days With 98% Royal Accuracy Monthly Guaranteed Profit Rs.1.5 -2Lacs Valid Till 2 PM Call-9719036174 www.RoyalTraders.co

Honest Updates

Oil jumps after Saudis, Russia say supply cut to be extended to March 2018 Oil prices jumped on Monday after the energy ministers of top producers Saudi Arabia and Russia jointly said that an OPEC-led crude production cut would be extended from the middle of this year until March 2018. FOR JOINING OUR SERVICES LOG ON www.honestadvise.com OR CALL @7617537676