Chart of The Day $Oil 11-08-2016

On the Oil daily chart we can see a bounce from well known horizontal support zone 43-43.60. Above 46 we could see extension higher to 48.20 at least. Only with a break and close below 43 downside extension could bring the instrument down to 40.

Happy trading! (click on the chart to enlarge it)

oil trend following strategy


Through time we have developed a very respectable trading strategy which defines Entry, Stop Loss and Take Profit levels with high accuracy and allows you to make position Risk Free. If you want to learn all about it and become a professional Trader, sign up now and become a member here 

How our trade alerts work
Scroll to Top