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By: Crown Forex - 25-09-2008
0votes
The upside wave was breached and crude is not trading sideways among 104.80 and 109.30; momentum indicators point to the upside while if it does take place will be rather weak and for that we see trading above 109.30 will be hard to achieve today while if it was seen we will see and intraday incline while the expected trend is to test 38.2% at 102.84 a barrel.
The trading range for today is expected among the key resistance level at 100.40 and the key support level at 113.40.
The general trend is to the upside as long as 100.00 remains intact, targets now are at 150.00 and 153.65.Support 105.25 104.20 102.85 100.40 99.50 Resistance 107.10 108.40 109.30 111.05 112.50 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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