Thursday, August 2, 2012

Crude Oil Aug 2 -2012

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

Pivot: 87.30
Our Preference: LONG positions above 87.3 with 89.45 & 90.3 as next targets.
Alternative scenario: The downside breakout of 87.3 will open the way to 86.8 & 86.05.
Comment: the RSI is above its neutrality area at 50%.


Blog Post This Week Suggested Trade With : 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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