Thread: Oil
Oil has made a very strong application for growth, it broke through the upper boundary of a converging triangle then demonstrated strong growth, now the price is coming to yet another important mark-to-medium resistance 98.00 figure, if the course will be able to break through and it - will buy in order to 100.00, but with full stop and may venture to consolidate and sell small lots.
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Oil like a hook hanging from the racks at otm.96.90 resistance. The intersection of Moving the 30 minute taymfere on the "golden cross" is good reason to believe the resumption of growth. If there is a rebound to the 200-day moving average will open Long and close my shorts yesterday.
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in the h4 time frame this pair is break the resistance trend line with bullish engulfing candlestick pattern. this will try to move to the resistance side at 98.50
we can long this pair with stop loss 95.60. stoch and cci are also moving in the overbought range.
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Organic oils are produced in remarkable diversity by plants, animals, and other organisms through natural metabolic processes. Lipid is the scientific term for the fatty acids, steroids and similar chemicals often found in the oils produced by living things, while oil refers to an overall mixture of chemicals. Organic oils may also contain chemicals other than lipids, including proteins, waxes and alkaloids.
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Final results Clq1nfp essential oil, chop down through money a couple of. 3 subsequently, leading to aggravation... Theoretically, however, your framework with the essential oil amount within the neck brand of the pinnacle along with get bedroom also smashed your money 95. 60.
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oil should be rating out the prime leg of a larger punishment. Shod disappear over 94(94.15) below 94.15 for 92.50 again before 96.00. I change commerce business in 94.25 and gift sequinned after 100 pips acquire.
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Couple again went to the lower limit of a converging triangle (support 95.00 figure), is in no hurry to close its sale because any breakthrough at this level, since the triangle formed by the bearish nature (is the displacement of the upper level of resistance), the price is getting closer and closer to running out 95.00-in breaking the mark add another sale.
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In the m30 chart the price is break the support at 95.20 and the moving average is also providing the support so price is not able to move upper side. at the time in stoch indicator we can see short signal. the price will try to move to next support at 94.50
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Immediately break the support level otm.95.50 failed and an idea to open a short upward correction pozitsiyu.Pri testing its 200-day moving average of passing the 30 minute taymfere set a limit order to short.
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Reload midday oil 2/8/2013
Shows the price of oil trading weak since morning
and as long as the price without the support of the previously breached ascending channel
the tendency downward correction will remain with reference the access to the level of 95.20
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