Outlookb head DOWN

MACDdirection

Momentumdirection

Weighted M.A.direction

Wed, 15 Aug 2018 09:29:12 +0300
30 Minutes
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OIL

 

ENTRY 66.62 TARGETS 66.55 66.51 66.44 66.35 STOP LOSS 66.80

 

Scenario 1

Oil is negotiating between the key levels at 66.80 and 66.62.  If the bears take control and manage to push prices lower, then a sell signal will be triggered at 66.62 with a bearish outlook.  A further decline of Oil prices will pave the way towards the support levels at 66.55 and 66.51.  A protective stop loss at 66.80 is strongly recommended. 

Scenario 2

Should the commodity manage to penetrate the resistance level at 66.80, Oil will cancel the bearish outlook generating a bullish scenario.