Wednesday, December 5, 2012

Crude Oil‏ (Jan 13) intraday: the downside prevails.


Pivot: 89.30
Our preference: SHORT positions below 89.3 with 87.5 & 86.5 as next targets.
Alternative scenario: The upside breakout of 89.3 will open the way to 90.3 & 90.85.
Comment: as long as 89.3 is resistance, likely decline to 87.5.


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...