Thursday, January 24, 2013
Crude Oil Intraday! Heading toward wave V
Oil prices spiked up yesterday, closed to $97 per barrel before price turned sharply lower during the US trading hours. Looks like prices are capped now below 96.85 and ready for a deeper pull-back. We see market in minor fourth wave now from where extensions could follow to 94.80 later today. Any fast intra-day shorts should have stops above 96.15 critical region. Why? Because we know that wave four must not trade in to a territory of a wave one.
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 ...
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AUD is weak today after unchanged rates decisions from the RBA members; 3.00%. However, there are speculations for further easing and poss... -
Pivot: 0.79. Our preference: LONG positions above 0.794 with 0.7975 & 0.7985 in sight. Alternative scenario: The downside penetration...
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Pivot: 0.825 Our preference: Short positions below 0.825 with targets @ 0.82 7 0.8175 in extension. Alternative scenario: Above 0.825 lo...