Is WTI about to conquer new peaks?

December 19, 2016


Starting off with Oil, we’ve got back to broken resistance zone located in the range of 51.30-52.10. Oil closed last week above that level, thus filling the gap which formed last weekend due to the decision declared by OPEC regarding curbing the oil production.

Reverse head and shoulders pattern has formed in the hourly chart; therefore, it is a good option to buy away from the broken neckline or at the market opening price. But don’t forget to place a big stop loss.

Buy Limit 52.25, Stop Loss 51.00, Take Profit 1 = 55.00, Take Profit 2 = 60.00.


The currency pair has broken an important weekly resistance (head and shoulders neckline) with a white candlestick pattern. This means that we should buy the pair until getting back to the level 116.14. As you can see, we should wait for the candlestick pattern to form in the daily chart. At that, the goal is visible at the level 123.00.

Publication source
Tickmill information  Tickmill reviews

January 18, 2017
Trump Inauguration Market Outlook
Friday, January 20, 2017 will mark the historic inauguration of what promises to be a highly unconventional US presidential administration...
January 17, 2017
Oil spikes higher on Saudi Oil minister comments
Oil has spiked higher on Al Falih comments in Davos (Saudi oil minister). He said during a panel discussion at WEF in Davos that there will be inflation in the cost of doing business in the oil industry, following the squeeze that accompanied the decline in crude prices...
January 16, 2017
GBP under pressure ahead of May speech
A speech from Theresa May is one of the key events for financial markets this week and certainly the most relevant for the British pound. Primie Minister is about to deliver a speech on UK’s stance and conditions ahead of the triggering article 50 and beginning the Brexit negotiations...

Orbex Rating
FBS Rating
 FXTM Rating
OANDA Rating
Larson&Holz IT Ltd Rating
Fort Financial Services Rating

Anyoption Rating
TropicalTrade Rating
Grand Option Rating
Empire Option Rating
OptionRally Rating
Banc De Binary Rating