JICPT| Crude oil penetrated key zone with room downside!
업데이트됨
Hello everyone. The recent weak China weighed on crude oil and commodity currencies, e.g. AUD, NZD.
On the daily, the key zone failed to serve as a firm holder after two tests. The below 57.33- 59.50 is the refine of the weekly demand zone.
On the weekly, we can see price retreated from the bearish structure around 77. With the slowed China's economy in the 2nd half of the year, crude oil lacked fundamental support.
I think the oil related stocks would also be under pressure as well. So bullish buyers should be cautious.
On the daily, the key zone failed to serve as a firm holder after two tests. The below 57.33- 59.50 is the refine of the weekly demand zone.
On the weekly, we can see price retreated from the bearish structure around 77. With the slowed China's economy in the 2nd half of the year, crude oil lacked fundamental support.
I think the oil related stocks would also be under pressure as well. So bullish buyers should be cautious.
노트
Yep. Another lower low. Price may bounce up before starting another fall again. 노트
Price bounced back in the middle of the zones. Looking left side, no wonder it was a flip level. 
plan your trade and trade your plan
관련 발행물
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.