Oil Ranging Markets Prevail
October 16, 2020
1 min read
Dear traders,
Oil has formed support and resistance levels exactly around the D H3 and above W L5. The market is heavily ranging.
Confluence zone for sellers is 41.21-41.66. We should see selling towards 40.59, 40.02 and 38.47. 38.47 is the first level to watch for possible longs. If the market doesn’t reject there, then watch for 88.6-78.6 Fibs 37.37 -37.85. Buyers are positioned there, and the price should bounce to 38.47, 39.01 all the way up to 41.64.
The Analysis has been done with the Black Widow system.
Good trading,
Nenad Kerkez
Hi Nenad,
This is with reference to your video on the admiral markets channel. I would like to learn more about the murrey math trading system. Could you please share with me the information, strategies and techniques to be able to use this system.
I am in India and would like to trade the Indian markets – however, i do not use any trading software and would like to know how do i use the Murrey method
tks
kj
Hi Kj,
That was a long time ago. I don’t use Murrey indicators anymore, as I have something better. Pls take a look at our services here and choose what you like and can afford https://elitecurrensea.com/forex-cfd/
The Black Widow method uses advanced algorithms and it has been very accurate. You can check the performance of the Black Widow and ecs.Live signals here http://www.myfxbook.com/members/EliteCurrenSea/ecslive-signals/6529036
Hope I will hear from you soon.
BR
Nenad