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Analytics, News, and Forecasts for CFD Markets: raw news — 08-03-2018.
(raw materials / closing price /% change)
Oil 60.33 -1.34%
Gold 1,322.50 -0.38%
Crude oil on a daily chart, we can see that it is moving close to the upside trend of the chart pattern (Triangle).
If we watch the price rejecting new downside movements. in the smaller time frames, we might consider long entries in this commodity.
Therefore, our first target will be near to the downside trend and the second target could be slightly above it - speculating that the price will break above the chart pattern.
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