Wednesday, August 29, 2012

OIL

 Crude Oil (Oct 12) intraday: further upside.

Pivot: 95.15
Our Preference: LONG positions above 95.15 with 96.85 & 97.7 as next targets.
Alternative scenario: The downside breakout of 95.15 will open the way to 94.4 & 93.
Comment: the RSI lacks downward momentum.





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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