WTI Oil- Trendline Break - Bounce expected - 7th Nov, 2014

WTI Oil- Trendline Break - Bounce expected  - 7th Nov, 2014

H4 Chart

• Oil is finally showing some support from the Support at 77.
• H4 Trendline break has occurred to further support a small reversal
• Resistance is around the 80 level - but stronger resis is at 84

Outlook Trade opportunity

Could look for opportunity to long it however lower your risk appetite as its countertrend

Risk Level __

Tips -

Always take note of any economical news event on our provided calender below

XAUUSD Gold found some support - Update 7th November, 2014

XAUUSD Gold found some support - Update 7th November, 2014

Daily Chart

• Above is a chart Dated back to 2010 to show the support levels we are currently at

Hourly Chart

• On a 4hr Chart, you could see that it produced a good pin bar from the support and inverse 127.2 fib - right at 1131

Outlook Trade opportunity

Could be interested for a pull back to resistance at 1150 for a price action signal to go short. Please refer to the Daily Chart where the 1150 was a good flip zone therefore This level should act as strong resistance

Risk Level __

Tips -

Always take note of any economical news event on our provided calender below