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.
Stokcs, Metals, Energy, Forex, Crypto
Showing posts with label Crude oil Intraday. Show all posts
Showing posts with label Crude oil Intraday. Show all posts
Thursday, January 24, 2013
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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 ...
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GOLD (Spot) intraday: the bias remains bullish. Pivot: 1371.00 Our preference: LONG positions above 1371 with targets @ 1399 & 1416. ...
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Crude Oil (Oct 13) intraday: further advance. # Technical Analysis Pivot: 108.80 Our preference: LONG positions above 108.8 with 110.7 ...
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Pivot: 1398.00 Our preference: LONG positions above 1398 with targets @ 1416 & 1423. Alternative scenario: The downside penetration of 1...