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If a M15 close above 92 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 86 sell only and do not buy. If price closes back above it again do nothing
The range 92 and 86 is neutral area, any trade done in between is personal decision and not part of this analysis
Curde Oil intraday;the bais remains bullish, a support base at the level of 92 has formed
and has allowed for atemporary stabilisation.
Trend: ST upside; MT Range.
Crude oil continues to reflect broad-based sentiment trends, with the WTI contract still showing a firm correlation with the S&P 500
The current trend downward trend and targets 90.80 and stop-loss 90 price went even 92.8 to 92.8 points higher breakers, the trend turn to the upside targeting 93.80 and 94.65
If a M15 close above 92 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 86 sell only and do not buy. If price closes back above it again do nothing
The range 92 and 86 is neutral area, any trade done in between is personal decision and not part of this analysis
The current trend upward trend and aims to 93.80 and then 94.20 stop loss 92.10 if headed for the lowest price breakers 92.10 points, the trend is turning bearish, and to target 91 and 89.45
The upside movement is still standing ,that's mean that the pair will going to
upside movement and may targeting the level of 94.5 and than 95.7.
A Hammer candle above this juncture suggests a bounce may be ahead before selling resumes. Initial resistance remains at $94.87.
An extremely bearish count treats the decline from 9049 as a series of 1st and 2nd waves (valid as long as price is below 8473). 7960 is short term resistance.
The conditions of global equity markets hinder the heights of the oil and likely from falling all the time by seeing a decline in global equity markets. Level of 92.10 dollars a barrel is the level of central and maintain oil trades lower than the likely decline even touch 89.45 and 90.75. The other hand, penetrate to the highest level of 92.1 may reflect the trading of the husband and the likely rise from 93.75 until and touch 94.25