oil recovering 19/3/2013
succeeded the price oil rising restore intention and rushed up as expected yesterday
where he was able to skip a new level of 93.30
and stabilizing above it
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oil recovering 19/3/2013
succeeded the price oil rising restore intention and rushed up as expected yesterday
where he was able to skip a new level of 93.30
and stabilizing above it
Daily OIL 2013.03.19
[Energies | Apr. 2013 Mini Light, Sweet Crude Oil Future ($5)] We see better value in long positions.
If the price will advance above the first resistance at (94.51), this would confirm continuation of the bullish trend, towards next objective upwards (92.59) then (91.87) and (90.21) will follow.
Look for long positions for current trading session.
Resistance: 94.51, 95.28, 96.66, 97.43, 98.81
Support: 93.13, 92.59, 91.87, 90.98, 90.21
in the h1 time frame the price is break its resistance at 93.68 but not able to make continue up movement. it is now again try to move lower side. if the price is close below the 93.50 we can take the short position with the target 92.50
Oil is clearly stuck in the 10$ range 90 is seemed to be lower limit and 100$ is seemed to be higher cap. so trade is very easy at the moment in oil but if you enter with huge quantity than chances of loss will be huge in oil . 92.30 is nice support and target can be 95.30
\\\\\Oil is still not able to overcome the 94.00 figure, after the price has formed two upper fractal oil began to fall, and even managed to break a number of strong levels of support (including support and 93.60 (down zone fractal), RSI shows a sell signal on the hourly and on the 4 hour chart, I personally look forward to reduce the area of 92.60, the north is not considered.\\\\
Good day to all. Well, oil, yesterday could break below 97.00 and this, I'm really pleased, but that we will continue to decline it really matter, because we have reached a level strong support at 95.74, besides the presence of shadows nehily (D1) probably indicates input buyers generally observed.q1..thank you.
rude is positioned to move higher amid a broad-based pickup in risk appetite,
with S&P 400 stock index futures pointingfirmly higher ahead of the opening bell on Wall Street
:)
Crude Oil (Apr 13) intraday: further upside.
Pivot: 92.70
Our preference: LONG positions above 92.7 with 94.45 & 94.85 in sight.
Alternative scenario: The downside penetration of 92.7 will call for a slide towards 91.9 & 90.8.
Comment: the RSI has just landed on its neutrality area at 50% and is turning up.
---------- Post added 03-20-2013 at 01:08 AM ---------- Previous post was 03-19-2013 at 10:34 AM ----------
Crude Oil (May 13) intraday: the downside prevails.
Pivot: 93.90
Our preference: SHORT positions below 93.9 with targets @ 91.9 & 90.75.
Alternative scenario: The upside penetration of 93.9 will call for a rebound towards 94.45 & 94.9.
Comment: the RSI is below its neutrality area at 50%
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in the H4 time frame price seem to hold at the support at 92.30 it is break the supporting trend line but not able to break this support. it is start to move up side. we can long this pair if the price is close above the 92.75 with the target at 93.95