September 14, 2016

Crude oil Price Prediction step by step

Crude oil Forecasting step by step 

“Crude oil can be seen that the Last support area holds
Are we are going to  26-28$…. and performed a move that will lead to areas 51-4$......”



The move was realized one by one, Then I repeated several times that oil will be difficult to go through these levels

Now I think, by the behavior of prices, patterns, positions, and background noise from the side, the oil on his way to the $ 34-36
I want to be noticed in trading volume and price behavior on two specific dates
11/05/2016 and 06/09/2016
Any upward movement of oil trading volume - either higher or lower if Underlined the amount of volume testing performed during the period.
Only twice found abnormal amount of transactions - Attention candles:
05/11/2016 candle marks on buying (Acquisition of goods),While 09/06/2016 candle show sales sign (Release of goods),If this is the case so expect to see crude oil move down
And oil is on its way to 34-36$



COT position and MAP position 
In terms of positions monument, we can see some interesting stuff
There is more room for decline - short traders advantage

Pay attention to the number of positions


Technical Analysis:
If oil will move below 39.70 again the next stop will be at 37.20+_, we can see that there is even more room for lower prices numbers 33-35 area,  for my opinion crude oil expected to meet again 33-34$ 

The trend is bearish as long as crude oil stay below the level of 46 .89 $  -Move above will change the trendGartley pattern shown on the charts




This review does not including any document and / or file attached to it as an advice or recommendation to buy / sell securities and / or other advice

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