| Followers | 0 |
| Posts | 148553 |
| Boards Moderated | 7 |
| Alias Born | 03/10/2004 |
Friday, November 06, 2009 10:57:27 AM
Technical Oil Report
* Friday November 6 , 2009 07:14 GMT
Oil
Morning Report
Crude made several attempts to retest the breached neckline for the bullish technical pattern as shown on the image above, which is currently at 79.25; however, this level stood its grounds against these attempts, pushing crude to the upside, where in its role points towards completing the bullish intraday to achieve this pattern's targets that are between 82.00 – 82.75. The bullish technical pattern over the short term intraday supports the possible bullish direction for today, adding to the 50 MA. Meanwhile, achieving this bullish trend requires the four hours to remains intact above 79.25.
The trading range for today is among the key support at 75.60 and the key resistance at 84.05.
The general trend is to the upside as far as 47.20 remains intact with targets at 85.00.
http://ecpulse.com/en/dailyreports/technicaloil/2009/11/06/07-14-19/index.htm
George.
Click on "In reply to", for Authors past commentaries.
* Friday November 6 , 2009 07:14 GMT
Oil
Morning Report
Crude made several attempts to retest the breached neckline for the bullish technical pattern as shown on the image above, which is currently at 79.25; however, this level stood its grounds against these attempts, pushing crude to the upside, where in its role points towards completing the bullish intraday to achieve this pattern's targets that are between 82.00 – 82.75. The bullish technical pattern over the short term intraday supports the possible bullish direction for today, adding to the 50 MA. Meanwhile, achieving this bullish trend requires the four hours to remains intact above 79.25.
The trading range for today is among the key support at 75.60 and the key resistance at 84.05.
The general trend is to the upside as far as 47.20 remains intact with targets at 85.00.
http://ecpulse.com/en/dailyreports/technicaloil/2009/11/06/07-14-19/index.htm
George.
Click on "In reply to", for Authors past commentaries.
Discover What Traders Are Watching
Explore small cap ideas before they hit the headlines.
