in the h1 time frame this is having a resistance by the moving average at 97.30 and at the time cci and stoch are giving us short signal. we can short this pair with the target at 96.30 with stop loss at 97.70
Thread: Oil
in the h1 time frame this is having a resistance by the moving average at 97.30 and at the time cci and stoch are giving us short signal. we can short this pair with the target at 96.30 with stop loss at 97.70
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Crude Oil (Mar 13) intraday: further upside.
Pivot: 96.50
Our preference: LONG positions above 96.5 with targets @ 98.1 & 99.3.
Alternative scenario: The downside penetration of 96.5 will call for a slide towards 95.85 & 95.
Comment: the RSI is mixed to bullish.
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date- 15-2-2013
technical pivot point are-
resistance 3 - 98.66
resistance 2- 98.17
resistance 1- 97.74
pivot point- 97.25
support 1- 96.82
support 2- 96.33
support 3- 95.90
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price of oil trading within the scope of both side about level of 97.00 still above the bearish corrective channel resistance
which makes us continue to tipping upward trend unless the level of 96.25 is broken
we recall that penetrate 98.20 represents the strong key to push the price upward
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il going on 98, i hope it will increase and gonna reversal for 100, trhen 105 and it gonna touch 100 in coming days
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in the h1 time frame it is rejected form the resistance at 97.94 it is not break and now the moving average is also providing the resistance at 97.30 over all there is a setup for short signal with stoch also. we can short this pair with the stop loss 97.30 and target is 95.83
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Crude Oil (Mar 13) intraday: the bias remains bullish.
Pivot: 96.50
Our preference: LONG positions above 96.5 with targets @ 98.1 & 99.3.
Alternative scenario: The downside penetration of 96.5 will call for a slide towards 95.85 & 95.
Comment: the RSI is negative but supported by a strong support.
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date- 14-2-2013
technical pivot point are-
resistance 3 - 99.40
resistance 2- 98.75
resistance 1- 97.94
pivot point- 97.29
support 1- 96.48
support 2- 95.83
support 3- 95.02
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this has been reach to the last resistance at 97.60 and will try to reach to 97.95. 97.95 is a strong resistance in h4 time frame. at the time stoch and cci also moving in the overbought area. in chart we can see some doji pattern. so we are ready to short this we can short at 97.32 and can hold it to the support at 96.30
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CRUDE OIL (MAR 13) INTRADAY: FURTHER UPSIDE.
Pivot: 96.50
Most Likely Scenario: LONG positions above 96.5 with 98.2 & 99.3 as next targets.
Alternative scenario: The downside penetration of 96.5 will call for 95.85 & 95.
Comment: the RSI is supported by a rising trend line.
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