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By:   Crown Forex
  • 22-09-2008
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The short term upside heading proceeded more than expected canceling out expected target, we can see that crude is moving within an upside channel and for that it sets the new heading over the short term while still the medium term remains to the downside, the upside will continue to affect trading as far crude is above 102.00 levels and now we can notice that trading around 100 levels affect heavily trends over the longer term horizons.

The trading range for today is expected among the key resistance level at 108.90 and the key support level at 94.30.

The general trend is to the upside as long as 100.00 remains intact, targets now are at 150.00 and 153.65. 

Support 102.40 100.80 99.50 96.55 95.45
Resistance 104.75 106.35 106.75 107.90 108.90
Recommendation ...

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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


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