Thursday, February 14, 2013

#Oil Corrective Wave IV (Elliott Wave)

Oil reversed sharply higher in this week but we think that rally up to 98 is only wave B, part of an incomplete corrective decline in wave 4) from Jan 30. If our interpretation is correct, then price will accelerate lower in impulsive manner back to 94.90.

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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 ...