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By: Crown Forex - 11-09-2008
0votes
Crude is moving slowly towards the downside as we are seeing lower lows and for that we can see that the trend is still clearly bearish. The 100 Hours MA at 105.35 and the key resistance for the short term downside wave at 105.75 are in the way as upside corrections that fail to take prices above 105.75 and 106.80 will resume the downside targets over the medium term set at 99.50.
The trading range for today is expected among the key resistance level at 111.90 and the key support level at 98.80.
The general trend is to the upside as long as 100.00 remains intact, targets now are at 150.00 and 153.65.Support 103.10 101.85 101.45 99.50 98.80 Resistance 104.50 105.35 105.75 107.35 109.00 Recommendation ...
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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
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