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Crude Oil bullish bias up 98.05 (zone of the upper fractal).- Pivot at 97.55.- Preference: Long positions above 98.05 with targets of 98.8 and 99.5 (the main purpose of 100.00).Alternative scenario: The downside penetration of 97.55 will call for 96.5 and 95.9.Analysis: RSI bullish: DAL expected growth.
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today i like to buy this pair @ 97.37
my stop loss of the day @ 97.00
half take profit for today @ 97.60
and further half take profit @ 97.90
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oil is moving little up an then go little down.its moving seeing between95 to 99.it may give us profit not dangerous not blown our account like gold.work slow and give low profit.
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time frame- H1
the price is moving along the supporting trend line and the parabolic sar is also giving us short signal. the macd indicator is now goving to the zero side. but for the short entry we must wait to break the supporting trend line. it has a good support at the 97.45. if this level is break short with the take profit at 95.20 and stop loss at the 100.00
good luck
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Our preference: LONG positions @ 96.95 with targets @ 98.5 & 99.2.
Alternative scenario: The downside breakout of 96.05 will open the way to 95.5 & 94.9.
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today i like to sell oil @ 98.90
my stop loss of the day @ 99.10
half take profit for today @ 98.60
and further half take profit @ 98.26
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Crude Oil continued growth, the price has formed a strong northerly trend and broke through the upper zone of fractals 98.40- Pivot at 98.08.-preference: Long positions above 98.40 with targets 98.9 and 99.7.Alternative scenario: The downside penetration of 98.00 will call for 96.5 and 95.9.
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today i like to sell oil @ 102.33
my stop loss of the day @ 102.55
half take profit for today @ 102.00
and further half take profit @ 101.60
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time frame- H1
the rsi indicator is overbought and now it is move out from the 70 level at the time stoch indicator is also giving us short signal. this may be move down side so short with the take profit at pivot point 99.00 and stop loss at the 102.50
good luck
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Our preference: LONG positions above 99.8 with targets @ 102.1 & 102.9.
Alternative scenario: The downside penetration of 99.8 will call for a slide towards 99.2 & 98.35.