Brent Crude Oil price a healthy drop as we expected on 10th, Feb, 2017.
This shall be a correction of the bullish. The daily chart indicating it will have a test of 200 MA. Let's observe if it could be hold or not. We plan to enter our long position.
Bearish signal: -10 day MA line cross down with 20 MA and 50 MA. -Trading volume decrease (Daily, Weekly, and monthly.) -Four days price drop. -Stock price of major crude oil companies such as BP(BP), EXXON(XOM), Royal Dutch Shell(RDSA) are all dropping down leading crude oil price drop. -Major commodity price index drop.
Bullish signal: -OPEC is talking about further production cut. -Key market Stock price going higher high. (imply: economic is turning better) -OPEC crude oil producer and Shale oil producer sound like want to stop fighting with each other for suffering from world wide price drop for the past 2 years.
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As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.