Wednesday, September 5, 2012

OIL , Sept 05-2012

 Trade Idea Crude Oil (Oct 12) intraday: key ST resistance at 95.65

Pivot: 95.65
Our Preference: SHORT positions below 95.65 with 94.5 & 93.95 in sight.
Alternative scenario: The upside penetration of 95.65 will call for a rebound towards 96.5 & 97.35.
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. Visit Us www.deryworldscorp.web.id

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