Monday, July 23, 2012

Crude Oil Jul 23-2012


Trade Idea Crude Oil (Sep 12) intraday: key ST resistance at 91.7

Pivot: 91.70
Our Preference: SHORT positions below 91.7 with 89.75 & 88.9 in sight.
Alternative scenario: The upside breakout of 91.7 will open the way to 92.55 & 93.2.
Comment: the RSI is bearish and calls for further downside.



Disclaimer The analysis we provide is based on the average estimate of price movements in one day. Does not guarantee what we deliver is actually a proper and correct. Everything that happens in the decisions you make on your trading transaction is to be Your responsibilities.
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