Technical analysis of Crude Oil for Jan 12, 2018

Although the Crude Oil still in a Bullish condition who can look at their still making higher-high – higher low and all in line in the up slope channel and trendline but seems this asset already start enter to the Overbought condition this already indicated the Stochastic Oscillator already in Overbought level and making a Divergence between the price you can look the Stochastic already making a Double Top Line in the other sides the price still making a higher-high. Base this fact event the Bias #CL still in Bullish condition there will be a little bit correction for a few days ahead.

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

About Arief Makmur

Born May, 15th/1970 at Jakarta; Graduate from Trisakti University in 1998 at Major: Corporate & Bussiness Law. Starting in Finance World in 1998 at Jakarta Stock Exchange & Familliar with Forex Market since December 2003. Single Man Interests: Trading In The Forex Market
This entry was posted in JAN 2018, Technical Analysis. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *



You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>