The Fusion Media Network: |
 |
Welcome,
Guest!
- BROKERS
Main Directory Promotions Interviews Compare Demo Accounts Live Accounts - SOFTWARE
Main Charts Signals Trading Platforms - FUND MANAGERS
Main - EDUCATION
Main - MEMBERSHIP
Technical
Central Banks
Forex Brokers
Energy Markets
By: Crown Forex - 26-08-2008
0votes
Oil is trading now affected by Moving Averages negativity over the short term as 117.35 has become a very strong level due to the grouping of 100 and 20 MA over four-hour basis that has oppressed chances of upside breach. In addition to attempts to head towards 113.00 levels to reclaim the medium-term downside trend that targets 109.50. We expect a downside wave for today as far as 117.35 remains intact as the MACD is negative for today over 4-hour basis; failure to breach the multiple support area that extents among 113.00 and 111.50 shall create upside momentum for crude once more in preparation for the coming period yet attempts to breach those levels must be vigorous for us to set the medium-term targets we set at 109.50.
The trading range for today is expected among the key resistance level at 120.25 and the key support level at 109.50.
The general trend is to the upside as long as 100.00 remains intact, targets now are at 150.00 and 153.65.Support 114.10 113.00 112.55 111.60 110.85 Resistance 115.50 116.55 117.35 118.50 120.25 Recommendation ...
Next Analysis: Precious MetalsContent Provided by:
Crown Forex
CROWN FOREX SA, located at St-Hubert 38, 2854 Bassecourt, P.o.box 247, Switzerland, is fully regulated as a financial intermediary under Swiss federal law on the prevention of money laundering (LBA, MLA). Our company is also affiliated with the ARIF association, thus overseen by the Swiss federal de
DISCLAIMER:
The above may contain information for investors/traders and is not a recommendation to buy or sell currencies, gold, silver & energies, nor an offer to buy or sell currencies, gold, silver & energies. The information provided is obtained from sources deemed reliable but is not guaranteed as to accuracy or completeness. I am not liable for any losses or damages, monetary or otherwise that result. I recommend that anyone trading currencies, gold, silver &energies should do so with caution and consult with a broker before doing so. Prior performance may not be indicative of future performance. Currencies, gold, silver &energies presented should be considered speculative with a high degree of volatility and risk
Become a member and get 6 free Forex courses by OTA! - Webinar
The presidential impact on the currency market 2008 year-end targets
Mon, Nov 24, 2008, 15:00 GMTTheLFB Trade Team The seasonal swings in equity, commodity, and forex global trade are going to play their part due to the last quarter ...
The theory and application of pattern recognition swing trading in the forex markets
Mon, Nov 24, 2008, 16:00 GMTLarry Pesavento This webinar by Larry Pesavento of The Trading Tutor will illustrate how to apply pattern recognition swing trading. ...
Understanding the limitations of Technical Analysis
Tue, Dec 2, 2008, 17:00 GMTJason Alan Jankovsky Provides a deeper look into the theory of Technical Analysis and why this information is inaccurate when ...- Charts
- Survey
How long have you been trading forex?
Browse The Entire ForexPros.com Site:
News
Charts
Quotes
Forex To Go
Forex Analysis
Languages
Forex Brokers
Fund Managers
Forex Trading Software
Education
Trading Tools
