Oil

Cci (14): 17.73
Bulls (13): 0.07
I see the in pair down trend
So I will sell from: 98.52
And my target today is: 98.01
And target2 today is:97.67
Good luck

The WTI Crude Oil markets fell during the session on Monday, as the $98.00 level offered far too much resistance. That being the case, it feels as if the market is going to pullback from here, which of course would be healthy considering the impulsive move that we've had over the last couple of sessions. Going forward though, I still think that this market will eventually break above the $99 level, the next resistance area above.

If we can get above the $99 handle, I don't see any reason why we will hit the $101 level, and possibly even further up. If we get above $101, it signifies that the market would reenter the consolidation area all the way up to the $104 level, which of course is the top of the previous region that the market seem to be so interested in.
Watch the Brent markets.

Update: 11 December 2013

resistance3: 99.80
resistance2: 99.47
resistance1: 98.99
Key point: 98.60
support1: 98.16
support2: 97.88
support3: 97.41
Buy: 98.57
Short target: 98.88
Long target: 99.53

fibo lines today 11-DEC 2013


fibo 61% = 99.08

fibo 50% = 98.93 & fibo 38% = 98.77

fibo 23% = 98.58


target buy to 99.87

target sell to 96.95


http://www14.0zz0.com/2013/12/11/05/325835197.png

http://charts.mql5.com/3/299/oilusdr...rectdealer.png
Date: 11-12-2013
Time frame: 1h
High and low prices
High today is: 98.84
Low today is: 98.48
Total pips today: 36
So buy from: 98.52
Our target 1 is: 98.89
Our target 2 is: 99.34

camarilla levels today


W-R 138% @ 103.84

W-R 100% @ 101.74

W-R 38% @ 98.31

WP @ 96.21

W-S 38% @ 94.11


order buy @ 98.58

http://www13.0zz0.com/2013/12/11/06/384805350.png

Daily & weekly support and resistance level


Daily R3 = 100.59

Daily R2 = 99.71

Daily R1 = 99.15

Weekly pivot = 96.21

Daily pivot = 98.27

Daily S1 = 97.71

Daily S2 = 96.83

Daily S3 = 96.20

http://www7.0zz0.com/2013/12/11/07/831481147.png

Support and resistance today

R3: 99.96
R2: 99.27
R1: 98.89
Pp: 98.35
S1: 97.87
S2: 97.29
S3: 96.80
Buy from: 98.48
target1: 98.91
Stop loss: 98.01

Good luck for all

Trading analysis for 11th Dec, 2013. OIL in 4H chart shows little bit selling pressure but in a DAILY chart it shows strongly bullish trend. The price is above the pivot point if this breaks 1st resistance then next strong resistance is 101.52. Buy in the reversal take profit 99.09 then next target is 101.52.

Pivot: 98.16

Resistance levels

R1 99.09
R2 99.66
R3 100.59
R4 101.52

Support levels

S1 97.59
S2 96.66
S3 96.09
S4 95.52

Attachment 9781

Standard pivots

R3 100.59
R2 99.71
R1 99.15
PIVOT 98.27
S1 97.71
S2 96.83
S3 96.27

http://www6.0zz0.com/2013/12/11/08/516098476.png