Skip to main content

Wti oil rally 300 pips

What was the news for such a rally? Crude oil opened on a gap from 50.50$ to 52.50$ then rallied another 100 pips to trade currently at 53.5$ area.

The pair faces some resistance here?
Any gap should be closed.
Will the rally continue to 56.8$ ?
What is the correlation between audusd and wti?

Follow me to find answers for these questions and more throughout the day on my twitter account : @b4borio

Popular posts from this blog

Usd recovering against the board

The dollar has been regaining some strength since friday noon. Usdjpy has recovered 100 pips from 107.30Ā„ ...the pair might face some tough resistance at current area, however i think we might be heading towards 110.80Ā„ soon. Resistance area can be found at 108.40 followed by very tough resistance at 108.80Ā„. If broken , we will have clear way to break the medium term downtrend andstart building new bullish trend targeting a break above 115Ā„ in the medium term. I am on the side of that reversal scenario unless we see a decisive break below 106Ā„ on daily or weekly close.

BDC/BTC target and resistance levels

#Dbcbtc is targeting 0.0000001730 btc. It is starting to build up a bullish trend on small time frames. It will be a challenging area to break given the bearish trendline as well. Deepbrainchain is one of solid crypto projects that have a good profitable future. #Investincrypto

Ripple consolidating before break out

Ripple (XRP) is currently consolidating against USD before breaking out within the coming 48 hours. Next resistance lies at 1.25$ while next support lies at 1.120$. Ripple is currently trading at support and you can buy with tight exit with target around 2.30$ , first profit taking around 1.84$ if we break out of the wedge to the upside.