FX & CFD trading involves significant risk
We can see Golden-cross of 21- & 55-DMAs on daily charts with oil tests the daily Bollinger band top at $98.97 (former resistance). Daily studies remain bullish, albeit in overbought territory. New initial resistance seen as yesterday's high at $103.41 with further resistance at $108.03, $110.85 and $113.19. Initial supp seen as 38.2% Fib & former Aug 4 res line at $95.93/96.04.
All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.