Wednesday, December 5, 2012

Crude Oil‏ (Jan 13) intraday: under pressure.


Pivot: 89.30
Our preference: SHORT positions below 89.3 with targets @ 87.5 & 86.5.
Alternative scenario: The upside penetration of 89.3 will call for 90.3 & 90.85.
Comment: as long as 89.3 is resistance, look for choppy price action with a bearish bias.


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 ...