empty
 
 
12.07.2017 01:59 PM
Technical Analysis of the Crude Oil for July 12, 2017

4-hour timeframe

This image is no longer relevant

Analysis:

Analysis of crude oil for July 12 shows that the price resumed its upward movement, after failing to break the first support level (S1).

Trading recommendations:

In the course of the oil price movement analysis, it can be concluded that purchasing of orders with targets of 46.09 and 47.44 are now possible. When entering a transaction between 80 to 130 profitability points, it is recommended to transfer the open transaction to break even.

Aside from the technical aspect, traders should also consider the fundamental data and their scheduled releases.

Explanation of illustration:

Awesome Oscillator - red and green bars in the indicators window.

OsMA - gray bars in the indicators window.

Trend lines - blue lines.

Support and Resistance - the red horizontal line.
Paolo Greco,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $5000 more!
    In November we raffle $5000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback