Printable View
Crude Oil (May 13) intraday: the bias remains bullish.
Pivot: 92.90
Our preference: LONG positions above 92.9 with 94.8 & 95.6 in sight.
Alternative scenario: The downside breakout of 92.9 will open the way to 91.9 & 91.3.
Comment: the RSI is mixed and calls for caution.
for oil i place pending buying order @ 93.55
stop loss @ 93.29
take profit @ 93.85
As you see in my following attached chart, Oil price provided positive trading yesterday and made an attempt to surpass EMA50, which acts as resistance at 93.90, this attempt beside Stochastic positivity makes us prefer the continuation of the bullish trend for today, waiting for targets begin at 95.20 and extend towards 97.60, but we should take into consideration that breaking 93.25 to the downside will stop this positivity temporarily, while breaking below 91.70 will represent the major key for turning the short term track towards the downside.
Oil again demonstrated a retreat from the oblique medium support level, the price is now at the stage of forming the northern wave that came close to the upper area of fractals 94.13-sample of the mark, and will be a signal to buy it should open for bulls levels 94.50, 94.80.
Oil is trying to break 4/10/2013
Made a positive oil price trading yesterday
and made an attempt.s as well positive Stochastic make us expect a continuation of the bullish trend for the day
The intersection of Moving 30-minute, finally took place and now you can set a limit order to go long. Oscillator MACD is above the zero line of the signal, which confirms the increased pressure pokupateley.Tselyu will be the level of resistance otm.95.34.
As you see in my following attached chart, oil managed to settle above the EMA50, to add more confirmations of the positivity continuation expected yesterday, waiting to test 95.20 level, that represents the key for more bullish moves towards 97.60
Stochastic continues to support the suggested bullish wave.
Crude Oil (May 13) intraday: the bias remains bullish.
Pivot: 93.40
Our preference: LONG positions above 93.4 with 94.8 & 95.6 in sight.
Alternative scenario: The downside penetration of 93.4 will call for a slide towards 92.9 & 91.9.
Comment: the RSI is supported by a rising trend line.
Oil fulfills perfectly clear from the oblique medium level of support now prevents the further growth of the horizontal resistance level of 94.60 but most likely he will be broken, break it, and will be a strong buy signal, it will open the 95.00 figure and eventually to 95.50 will already be close.
trading is a comodity and will sometimes help you understand a lot of good chances to make some good money hile trading in these is ome of the best ways to trade forex and gain some good cash. forex is mmost of the times affected by usd changes and you should always understand everything