Light Crude OIL

Oil dipped below 50 reason to long or short it?

Today Wilco van Boxtel was interviewed by Jessica Walker on Dukascopy TV about the Oil commodity. In this interview Wilco gives his view on the Oil market news with the barrel data development and the chart levels. Let’s look at the interview and some chart levels. Price story Oil prices are under intense pressures at present, having reached below 50 …

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Oil price makes Dip and is Likely to remain under pressure. 20151113

Oil market explained. Today Oil dropped below the 42 level and after that the price dropped of hard. It was because of news that OIL supplies are at record highs. The Oil reserves are likely to stay high meaning the price will stay under downward pressure until the end of the year and likely even deep into …

Oil price makes Dip and is Likely to remain under pressure. 20151113 Read More »

Light Crude OIL made a run up from a double bottom on the 61.8 Fibonacci level. 20151013

Trade explained. On the 61.8 Fibonacci retracement of the last run up from 30 September – 8 October Light Crude OIL found it’s support today. After the bull flag breakout happening on the 5th October the pair had retraced all the way back into the support. Also it came into daily momentum support. It run up for a …

Light Crude OIL made a run up from a double bottom on the 61.8 Fibonacci level. 20151013 Read More »

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