Wednesday, September 19, 2012

OIL Sept 18-2012

Trade Idea Crude Oil (Nov 12) intraday: the downside prevails.

Pivot: 97.50
Our Preference: SHORT positions below 97.5 with targets @ 95 & 94.4.
Alternative scenario: The upside breakout of 97.5 will open the way to 98.55 & 99.
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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