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Crude Oil (Apr 13) intraday: the downside prevails.
Pivot: 94.25
Our preference: SHORT positions below 94.25 with 91 & 89.3 in sight.
Alternative scenario: The upside breakout of 94.25 will open the way to 95.7 & 97.5.
Comment: as long as 94.25 is resistance, likely decline to 91.
sell oil at the level 92.83 with targets at 91.17 and 90.84, but in case of breaking the level 93.14, then buy above this level with targets at 94.31 and 95.46
Oil price moves in a narrow range either side of the morning
with some minor positive attempt anticipated that up to retest 93.25
overall , our expectations for the list will remain steady decline
crude oil, the level of 93.00 is not proven to be adequate support, as prices fall below yesterday and apparently the escape velocity. With Thursday's crude touch in the bottoming 92.05 (session low), the price has rallied strongly to $ 92.37 / bbl during European trading.
:peace:
If target 82.05, 113.49 98.33 eye oil sales is in breach of this level of 100.24 level objectives that buys 77.31, 81.05 Cobalt mattes
Crude Oil (Apr 13) intraday: the downside prevails.
Pivot: 94.25
Our preference: SHORT positions below 94.25 with 91.9 & 91 in sight.
Alternative scenario: The upside penetration of 94.25 will call for 95.7 & 97.5.
Comment: as long as the resistance at 94.25 is not surpassed, the risk of the break below 91.9 remains high.
Apart from a surge yesterday on WTI Crude Oil above 93.26 level, the price is relatively fast without much oscillation, edging higher during the European trading Wednesday, looks from a retest resistensni 93.00. Currently negotiating with crude oil price of USD $ 92.87 / bbl.[COLOR="Silver"]
[SIZE=1]---------- Post added at 01:44 AM ---------- Previous post was at 01:42 AM ----------[
in the h1 chart the price is moving in a support and resistance channel pattern. the upper side resistance is 93.40 and the lower support is 92.20. the price is now over bought so it will be break the support. we can short this pair with the target at 91.50
Crude Oil (Apr 13) intraday: key ST resistance at 94.25
Pivot: 94.25
Our preference: SHORT positions below 94.25 with 91.9 & 91 in sight.
Alternative scenario: The upside penetration of 94.25 will call for 95.7 & 97.5.
Comment: as long as the resistance at 94.25 is not surpassed, the risk of the break below 91.9 remains high.
Crude Oil (Apr 13) intraday: the downside prevails.
Pivot: 92.55
Our preference: SHORT positions below 92.55 with 91 & 90.25 in sight.
Alternative scenario: The upside penetration of 92.55 will call for a rebound towards 93.4 & 94.25.
Comment: technically, the RSI is below its neutrality area at 50.