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Business / Finance

A barrel of oil turned around and ready to jump?

MQL5: Blogs Traders 06.02.2019 at 18:43

Blogs traders and analyst of financial markets

Good day!

Day of oil is going to close the hammer, which rested on broken flag, which may indicate a high probability of further upward movement. Especially in front of our flag formed a reversal pattern "V-shaped bottom". So, tomorrow quotes can continue active movement up:

On the daily chart the Swiss franc, the price gradually approaches the resistance area formed between the levels of 1.0067 and 1.0128. Area resistance is rather strong, so the price could potentially nicely to bounce off that resistance area down: