Broke through SUPPORT 1 and retested same on Friday. Unless it breaks RESISTANCE 2, I'm seeing it turning back SOUTH.
Too much news supporting the drop of oil price :-
Global Oil Supply Rose 0.17 Mbd In July, OPEC
OPEC Crude Oil Production In July Rose 0.173 Mbd, OPEC
- US Production rose f 9.4 to 9.5 mbd (2 year high) , EIA.
Drop in US oil rig count to 763 - 6 week low.
** These are just my own graph and news analysis - based on my personal preferences. I won't be accounted for any losses encountered for your trades. Trade at your own risk. Have fun! **
Too much news supporting the drop of oil price :-
Global Oil Supply Rose 0.17 Mbd In July, OPEC
OPEC Crude Oil Production In July Rose 0.173 Mbd, OPEC
- US Production rose f 9.4 to 9.5 mbd (2 year high) , EIA.
Drop in US oil rig count to 763 - 6 week low.
** These are just my own graph and news analysis - based on my personal preferences. I won't be accounted for any losses encountered for your trades. Trade at your own risk. Have fun! **
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Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.