Thursday, August 16, 2012

Oil

Trade Idea Crude Oil (Sep 12) intraday: further upside.

Pivot: 93.30
Our Preference: LONG positions above 93.3 with 94.9 & 95.3 as next targets.
Alternative scenario: The downside penetration of 93.3 will call for a slide towards 92.65 & 91.75.
Comment: the RSI is supported by a bullish trend line.



This Week You 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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