the trend is still up
if indicates the trend is still trade above from :97.49
Recommendation: BUY
Take profit1: 97.90
take profit2:98.30
Stop Loss : 97.07
the trend is still up
if indicates the trend is still trade above from :97.49
Recommendation: BUY
Take profit1: 97.90
take profit2:98.30
Stop Loss : 97.07
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The WTI Crude Oil markets have a positive session on Monday, breaking above the $97.50 level for the close. As a matter of fact, we went as high as $98, but stopped abruptly and turned back around as the area showed itself to be far too resistive. With that being said, I believe that this market is going to pull back, but regardless I do not think that you can sell this particular market at this moment.
Ultimately, I believe that this market is going to continue to consolidate, and because of that this will become a short-term traders market for the foreseeable short-term future. This is because we are approaching the end of the year, and therefore liquidity will start to disappear from the marketplace. Think about it: if you were a large firm, would you be one team to put on risky positions this late in the year? Probably not.
Sideways grind, between now and New Years Day.
I believe that we will continue to see a bit of a sideways grind between now on the New Years Day holiday, if not a little bit later than that. Because of this, theres really no longer-term position that Im willing to take, but I do recognize the fact that somewhere near the $95 level, there should be a significant amount of support. Because of that potential support, I believe that buying pullbacks for short-term gains will probably be the best way to go for the next couple of weeks. In other words, I will simply be buying pullbacks for gains that last maybe a day or two at best.
If we did manage to break above the $99 level however, I believe this market would head to the $101 level without too many issues. Alternately, I think that is whats going to happen, but it would not surprise me at all to see that happen after New Years Day, and not before. Getting above $101 seems almost impossible to me at this moment, although that certainly could be accomplished in January if the situation dictates.
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Daily analysis of interim results for the current move higher on oil, settles back above the 97.00 level, and therefore, we prefer to move to the sidelines, and seek confirmation signal for the continuation of the bearish correction.
Support: 97.25, 96.44, 95.63, 95.18, 94.78
Resistance: 98.11, 98.87, 99.45, 100.02, 100.49
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date :17 december 2013
pair : oil
the pair in down trend
indicators down : 4
indicators up : 4
ao :-4.144
ac :0.213
bears(13):-0.0047
good luck
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Analysis for today17/12/2013
Resistance4: 99.78
Resistance3: 99.32
Resistance2: 98.90
Resistance1: 98.56
Pivot Point: 97.99
Support 1: 97.47
Support 2: 97.04
Support 3: 96.67
Support4: 96.12
Good luck
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pair: oil
date : 17 december 2013
THE PAIR IN up TREND
cci(14) : 56.58
RIS 14 : 45.83
STOK(5,3,3)
v1: 34.08
v2: 25.46
I SEE THE PAIR WILL GO up from : 97.69
our target is : 99.69
sl:96.69
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Date: 17 dec-2013
TRADING by using pivot indicator.
indicators today : buy
if price break up LEVEL : 97.42
the pair will go to : 97.86
and then go to level : 98.30
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Update: 17 December 2013
resistance3: 99.21
resistance2: 98.54
resistance1: 97.99
Key point: 97.50
support1: 96.98
support2: 96.56
support3: 96.11
Buy : 97.58
Short target:98.11
Long target:98.78
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Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
we can see in the 1d chart
the pair will go to down way to the down trend line
i see the pair will go to down way to 95.82
stochastic refers that the pair will go down
so our target sell from 97.52 and our target will 170pips
Good luck
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