FxGrow Daily Technical Analysis – 21st Sept, 2016
By FxGrow Research & Analysis Team
CRUDE OIL JUMPED 1% ON WEDNESDAY, HOURLY CHARTS INDICATES STRONG BUYING, AWAITING EIA REPORT, LATER ON FOMC
Crude oil jumped 1% today, rallied up from 43.96 and clocked a high intraday 45.10 at crude oil opening. Crude oil is scoring bullish hourly candle charts and right now trading above H5 PP which indicates a more bullish trend ahead of crude oil inventories report today at EIA 3:30 PM GMT, later on FOMC at 7 PM GMT. The market might witness a high volatility of either mix trend ( if news were mixed ) or more bullish if EIA and FOMC reports supported the trend positively.
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