Crude Oil (WTI) 4-hour time frame chart

Market news

6 December 2017

Crude Oil (WTI) 4-hour time frame chart

On 4-hour time frame chart we can see that the price has broken the upside trend line and it has tested below the trend and after that test, the price started a new bearish movement.

If the bearish movement confirms, then we might expect a further depreciation on Crude Oil close to 61.8 fibonnaci levels (blue rectangle)

ECB's Mersch says if we take our monetary stimulus prematurely and too quickly, asset prices could collapse and yields rise sharply

Brussels - British foreign secretary Johnson says U.S. must come forward with middle east peace plan "as a matter of priority"

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.