Wednesday, September 4, 2013

Crude Oil‏ (Oct 13) intraday: the bias remains bullish.

Pivot: 107.00

Our preference: LONG positions above 107 with 109.15 & 110 in sight.

Alternative scenario: The downside penetration of 107 will call for a slide towards 105.5 & 104.3.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

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 ...