Monday, July 30, 2012

Crude Oil Jul 30 -2012


Trade Idea Crude Oil (Sep 12) intraday: the bias remains bullish.

Pivot: 89.00
Our Preference: LONG positions above 89 with targets @ 90.9 & 91.4.
Alternative scenario: The downside penetration of 89 will call for a slide towards 87.75 & 86.75.
Comment: a bullish triangle is taking place, calling for a rise towards 91.40.



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. Visit Us www.deryworldscorp.web.id

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