Brent oil insight technical analysis for November 14, 2017

Brent oil insight technical analysis for November 14, 2017

  • expect a test of the lower border of the bullish

  • oil price growth will be a drop

  • continue growth with the target above the level of 67

CURRENCY TRADERS Brent oil insight Quotes of BRENT crude oil continue to move in line with growth. At the moment, we should expect a test of the lower border of the bullish channel at the level of $ 63 per barrel. Where can we expect a rebound and the continued rise in oil prices above the level of 67.

Brent oil insight technical analysis for November 14, 2017

In favor of the growth of quotations and prices for oil BRENT is the test of the resistance support line on the indicator of relative strength index (RSI). Abolition of the variant of oil price growth will be a drop and breakdown of the level of $ 62 per barrel, which will indicate the outflow of quotes out of the rising channel and the continuation of the fall. Expect to accelerate growth is the breakdown of level 65.

CURRENCY TRADERS Brent oil insight Quotes of BRENT crude oil continue to move in line with growth. At the moment,

Brent oil insight

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presupposes an attempt to test the lower boundary of the channel, from which one should expect a rebound and an attempt to continue growth with the target above the level of 67, in favor of rising oil prices, an uptrend test will be performed on the indicator of relative strength index (RSI), the cancellation of the variant of the growth of the price of BRENT oil will be a breakdown at level 62, which will indicate the outflow of quotes outside the channel and the continuation of the decline.

 

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Commodities Buyers and Producers

The sale and purchase of commodities is usually executed through futures contracts on exchanges that standardize the quantity and minimal satisfactory of the commodity being traded. As an example, the Chicago board of trade stipulates that one wheat agreement is for five,000 bushels and also states what grades of wheat can be used to meet the settlement.

There are sorts of traders that change commodity futures. The first is customers and producers of commodities that use commodity futures contracts for the hedging functions for which they were first meant. Theses buyers truly make or take delivery of the actual commodity while the futures agreement expires. As an example, the wheat farmer that vegetation a crop can hedge towards the hazard of dropping money if the charge of wheat falls before the crop is harvested. The farmer can promote wheat futures contracts while the crop is planted and guarantee a predetermined price for the wheat at the time it’s far harvested.

Theses traders in no way have the desire to make or take transport of the real commodity while the futures agreement expires. Among the futures markets are very liquid and have an excessive degree of each day variety and volatility, making them very tempting markets for intraday buyers. A number of the index futures are utilized by brokerages and portfolio managers to offset threat. Additionally, since commodities do now not generally exchange in tandem with equity and bond markets, some commodities can also be used correctly to diversify a funding portfolio.




COMMODITIES: (CRUDE OIL) (SILVER) (GOLD)



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Jadtecnic

Richard Dambrosi (JADTECNIC) Has Been Sharing FOREX INVESTORS ANALYSIS FORECAST since 2011. Editors and Founder of InvestorsBuz.com, has a passion for Forex Social Sharing analysis and Market Trends Such as Self Driving Cars, Electric Cars, Medical Marijuana, 3d printing and Cloud computing, Refers to Readers as BUZ INVESTORS.

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