Oil

today i like to buy oil @ 97.08
my stop loss of the day @ 96.94
half take profit for today @ 97.38
and further half take profit @ 97.73

fibo lines today 12-DEC 2013



fibo 100% = 96.60 & fibo 61% = 97.11

fibo 50% = 97.26 & fibo 38% = 97.42

fibo 23% = 97.62


target buy to 98.59

target sell to 95.85

http://www12.0zz0.com/2013/12/12/05/465036067.png

Daily & weekly support and resistance level


Daily R3 = 99.97

Daily R2 = 99.41

Daily R1 = 98.49

Weekly pivot = 96.21

Daily pivot = 97.93

Daily S1 = 97.01

Daily S2 = 96.95

Daily S3 = 95.53

http://www10.0zz0.com/2013/12/12/06/813432520.png

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 @ 97.56

http://www10.0zz0.com/2013/12/12/07/158876911.png

Trading analysis for 12th Dec, 2013. OIL in DAILY chart shows selling from the 1st resistance level. If it continue to selling then it goes below to the strong support level 94.33.

Pivot: 97.78

Resistance levels

R1 98.37
R2 99.32
R3 99.91
R4 100.49

Support levels

S1 96.83
S2 96.24
S3 95.29
S4 94.33

Attachment 9814

http://charts.mql5.com/3/311/oilusdr...rectdealer.png
Date: 12-12-2013
Time frame: 1h
High and low prices
High today is: 97.80
Low today is: 97.52
Total pips today: 28
So sell from: 97.78
Our target 1 is: 97.22
Our target 2 is: 96.76

the pair price already touched daily support 1 level (97.10) and above trend line.
Now the price try to move up ward.
I think the price may touch daily pivot point (98.20).
so buy now from 97.62
the pivot point will be my target
stop loss will be down the support 1 level (97.10)

oil ought to be marking out the initial leg of a bigger correction. Shoud
fade more than 94(ninety four.15) under ninety four.15 for ninety two.50 all over again ahead of ninety six.00. I've providing place in ninety four.25 and can closed immediately after one hundred pips revenue.

Cci (14): 43.07
Bulls (13): 0.01
I see the in pair down trend
So I will sell from: 97.62
And my target today is: 97.09
And target2 today is:96.65
Good luck

Update: 12 December 2013

resistance3: 99.89
resistance2: 99.22
resistance1: 98.67
Key point: 98.18
support1: 97.76
support2: 97.34
support3: 97.00
Buy: 97.74
Short target: 98.23
Long target:98.79