Instant Forex Trading

Welcome Guest ( Log In | Register )

Reply to this topic   Start new topic
Oil prices rally to stop these days
 Topic Options
post May 18 2020, 07:23 PM
Post #1

Group: Members
Posts: 78
Joined: 25-February 16
From: Belgium
Member No.: 27,915

The economy is restarting and you can see this as check the oil prices graph. It is going up and up the last days and especially in the last two days. The WTI price climbs to $33.05 after the negative prices last month.
The oil prices may found a good resistance at the current level of $33.05 and if move up the next resistance may stop the rising prices at $36.50. The economy could not recovery so fast also there are many big volumes stored oil. All these factors could stop the price and back to levels of $22 up to $29 in the next 2-months. strategy is to place new orders in the coming days into short positions.
The oil prices in the last few days follow the stock optimism and are very high value in the current situation. - Forex, Stock, Energy and Metal signals to the world
Go to the top of the page
+Quote Post
<a href="">&#1060;&#1086;&#1088;&#1077;&#1082;&#1089; &#1087;&#1086;&#1088;&#1090;&#1072;&#1083;</a>

   Reply to this topic   Start new topic

        1 User(s) are reading this topic (1 Guests and 0 Anonymous Users)
0 Members:


Lo-Fi Version   Partnership with InstaForex   Open account in InstaForex   Support InstaForex Time is now: 25th May 2020 - 12:24 AM
Financial services provided by InstaForex Companies Group
© 2008-2020
InstaForexTM is a registered trademark of InstaForex Group