Nenad Kerkez
Add to Bookmarks
WTI Upmove if the POC Zone Holds

Dear Traders,

The WTI is neutral to bullish and we could see a bounce if the POC zone holds. At this point the Oil is supported above the POC zone 56.00-50.

Know where WTI Crude Oil is headed? Take advantage now with 

Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved, and seek independent advice if necessary. A Product Disclosure Statement (PDS) can be obtained either from this website or on request from our offices and should be considered before entering into a transaction with us. Raw Spread accounts offer spreads from 0.0 pips with a commission charge of USD $3.50 per 100k traded. Standard account offer spreads from 1 pips with no additional commission charges. Spreads on CFD indices start at 0.4 points. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

A bounce above the POC zone should target 57.80 and 58.40. If the price proceeds above 58.40 then the next target is 58.90. However, a close below 56.20 should instigate a bearish momentum towards 56.00 and 54.50. Have in mind that the Oil is neutral to bullish, but the POC zone needs to hold in order for the price to proceed further up.

The analysis has been done with the CAMMACD.MTF template.

For more daily technical and wave analysis and updates, sign-up up to our ecs.LIVE channel.

Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

Don't miss a thing!
Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Trade With A Regulated Broker