Crude Oil Technical Analysis
Crude Oil (Jan 12) intraday: rebound.
Pivot: 97.30
Our Preference: LONG positions above 97.3 with 98.35 & 99.3 in sight.
Alternative scenario: The downside penetration of 97.3 will call for a slide towards 96.6 & 95.2.
Comment: a reversal head and shoulders is confirmed, further upside seems more likely.
Trend: ST Consolidation; MT Ltd upside
Key levels Comment
100.2** Intraday resistance
99.3*** Intraday resistance
98.35*** Intraday resistance
98.16 Last
97.3** Intraday pivot point
96.6** Intraday support
95.2** Intraday support
www.masrfx.net
Risk Warning: please note that Forex trading (OTC Trading) involves substantial risk of loss, and may not be suitable for everyone
Crude Oil (Jan 12) intraday: rebound.
Pivot: 97.30
Our Preference: LONG positions above 97.3 with 98.35 & 99.3 in sight.
Alternative scenario: The downside penetration of 97.3 will call for a slide towards 96.6 & 95.2.
Comment: a reversal head and shoulders is confirmed, further upside seems more likely.
Trend: ST Consolidation; MT Ltd upside
Key levels Comment
100.2** Intraday resistance
99.3*** Intraday resistance
98.35*** Intraday resistance
98.16 Last
97.3** Intraday pivot point
96.6** Intraday support
95.2** Intraday support
www.masrfx.net
Risk Warning: please note that Forex trading (OTC Trading) involves substantial risk of loss, and may not be suitable for everyone