Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
WTI Oil looking to make a rebound at the current stage
2019-11-11 • Updated
WTI Oil is facing a strong support zone around the Fibonacci level of 65% at 62.21. The short-term picture remains bullish despite the corrective phase which it has been following during the last few days. A rebound over there should help to resume the bullish bias towards the first target at 66.38, ahead of the critical Fibonacci zone of -23.6% at 67.90. To the downside, a break below 62.21 should expose the 59.96 level.
RSI indicator stays in the negative territory, although we can expect a neutral tone.
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Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...