Friday, September 7, 2012

OIL, Sept 07-2012

Trade Idea Crude Oil (Oct 12) intraday: key ST resistance at 96

Pivot: 96.00
Our Preference: SHORT positions below 96 with targets @ 94.25 & 93.9.
Alternative scenario: The upside penetration of 96 will call for a rebound towards 96.6 & 97.7.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.


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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