Wednesday, October 31, 2012

Crude Oil‏ (Dec 12) MT: the downside prevails.


Pivot: 91.50
Our preference: Bearish below 91.5 with targets @ 81 & 77.3 in extension.
Alternative Scenario: Above 91.5 eye a bounce towards 94.15 and 100.6 in extension.
Comment: the 20-day SMA is below the 50-day SMA, and both are declining,signalling a down turn.


By at

USDCHF Technical Analysis - Sell at 0.9955

USDCHF made a nice bull move from 0.9716 to 0.9990. Then USDCHF drops from over bought zone. USDCHF is trading below its 20 period MA on 4h ...

  • China data signal further room to tighten policy
    HONG KONG (MarketWatch) — China's consumer inflation accelerated in March to its fastest rate in almost three years, slightly ahead of e...
  • Commodity Trading 101
    1.1 - Why is Buying Low & Selling High So Elusive? The objective is simple and seems so easy to achieve - - buy low and sell high, or se...
  • Chinese data raise concerns of slowdown
    HONG KONG (MarketWatch) — Chinese economic data released Wednesday showed consumer inflation moderated slightly in April, though remaining a...