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ShrewdCatfx

Oil Pulls back off the Daily Lows

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CFDs em Petróleo Bruto WTI (TVC:USOIL)  
ShrewdCatfx Atualizado   
TVC:USOIL   CFDs em Petróleo Bruto WTI
Trend Analysis Supply and Demand Fundamental Analysis Crude Oil WTI Oil Crude Oil oilanalysis Commodities commoditytrading priceaction candlestickpattern keylevel
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trendanalysis supplyanddemand fundamental usoil oil crudeoil oilanalysis commodities commoditytrading priceaction candlestickpattern keylevel
Oil decreased during London session as we were anticipating from our last Analysis. We are still anticipating a further decrease in the medium term but in the short term here we may pullback. This is what the price action is telling us as we have pin Bar candles on the 1hr and 4hr charts that printed at our 2 daily support level's 81.22 and 80.64. This suggests some bullishness in the short term and a possible retracment towards our 4hr resistance zone 82.52. Factors that support a Risk-On push include a decreasing Vix on the day, a intraday downtrend on the Gold price suggesting risk on sentiment.
Trade fechado: objetivo atingido:
price increased as anticipated
snapshot

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