|
|
Oil Friday, 23/12/2011 - Morning Analysis
Extended oil price yesterday of its gains to reach close to key resistance of the channel downlink sub shown in the picture above, as we see that the price may be in the formation of flag pattern Alastmrrari, but we may see a turning downside from current levels close to the resistance of the channel to see a downward trend within the structure of science. In the result, we expect some attempts to enter a downward trend during the session of the day.
The trading range for today is among the key support at 95.00 and key resistance at 101.00
Short term trend is bearish for the price steadily down the weekly closing below 105.00 with targets at 65.00
Chart of the candles GMT +2
Support 99.60 99.00 98.30 97.60 96.80
Resistance 100.00 101.00 101.40 102.40 103.00
Recommendation Based on our chart is shown in the picture above, we believe that the sale of oil and 100.50 on profit-taking in two phases at 99.00 and 97.25 and stop loss with daily closing above 101.40, it may be appropriate.
Extended oil price yesterday of its gains to reach close to key resistance of the channel downlink sub shown in the picture above, as we see that the price may be in the formation of flag pattern Alastmrrari, but we may see a turning downside from current levels close to the resistance of the channel to see a downward trend within the structure of science. In the result, we expect some attempts to enter a downward trend during the session of the day.
The trading range for today is among the key support at 95.00 and key resistance at 101.00
Short term trend is bearish for the price steadily down the weekly closing below 105.00 with targets at 65.00
Chart of the candles GMT +2
Support 99.60 99.00 98.30 97.60 96.80
Resistance 100.00 101.00 101.40 102.40 103.00
Recommendation Based on our chart is shown in the picture above, we believe that the sale of oil and 100.50 on profit-taking in two phases at 99.00 and 97.25 and stop loss with daily closing above 101.40, it may be appropriate.
0 comments:
Post a Comment