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 Market
By: Crown Forex - 09-07-2008
0votesA strong drop was seen for crude as an extension to the correctional wave after rebounding from the resistance levels at the top around 146 levels. Despite the decline crude remains within the upside channel which provides bullish momentum. Trading above 132.90 will keep the upside targets valid over the medium-term, momentum indicators are giving mixed signals affected by yesterday's drop and trading below 20 Days MA volatility remains very high, yet once more as we mentioned as long as trading remains above the mentioned support the upside scenario will be initiated once more.
The trading range for today is expected among the key resistance level at 147.30 and the key support level at 130.80.
The general trend is to the upside as long as 100.00 remains intact, targets now are at 150.00 and 153.65.
Support 135.95 133.84 132.90 131.70 130.80 Resistance 139.00 140.80 142.50 145.40 147.20 Recommendation
Next Analysis: USD weaker in Asia, then ralliesContent 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
Which is the most important aspect when choosing a broker?
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
