Monday, October 1, 2012

OIL Oct 1-2012

Crude Oil (Nov 12) intraday: key ST resistance at 92.25

Pivot: 92.25
Our Preference: SHORT positions below 92.25 with 91.25 & 90.6 as next targets.
Alternative scenario: The upside breakout of 92.25 will open the way to 92.7 & 93.15.
Comment: the RSI is capped by a declining trend line.


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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