The WTI Light Crude Oil market has overnight seen it's price collapse to lose over $2.50 in the one daily session. This major fall can be seen on the daily chart below. During this fall price moved lower and closed beneath a key daily support level. Once price moved through this support level, price …
Price Action Charts in Focus
Huge False Break Pin Bar Printed on Brent Crude Oil | 14th Aug 2014
The price action in the Spot Brent Crude Oil market has printed a huge false break pin bar on the 2 day chart. Price on the first of the two days tried to make a break lower and as the daily chart shows below; price closed strongly lower. Then on the daily chart, price snapped back higher and …
CADJPY 2 Bar Reversal Sends Price Into Key Daily Resistance | 13th Aug 14
The CADJPY has fired off a 2 bar reversal on the daily price action chart. If price breaks and confirms this 2 bar reversal it would not surprise to see price gain momentum and move higher back into the recent daily key level around the Round Number (RN) of 94.00. This round number has been a …
