AI
| Followers | 0 |
| Posts | 148553 |
| Boards Moderated | 7 |
| Alias Born | 03/10/2004 |
Monday, December 28, 2009 10:57:15 AM
Technical Oil Report
* Monday December 28 , 2009 07:06 GMT
Oil
Morning Report
Crude succeeded in achieving the bearish correction scenario, shown in last Friday's reports, where it managed to build a base on levels around 76.30 and push to the upside once again, and attacking resistance level for the ascending channel that organizes present trades. We expect a similar scenario today, with some minor bearish correction and a base built on 77.80 and then achieve a possible ascend over an intraday basis; its main targets start at 78.65 , followed by 79.35 zones. The bullish direction will prevail if 77.10 remain intact.
The trading range for today is among the key support at 76.75 and the key resistance at 81.00.
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/2009/12/28/07-06-40/index.htm
George.
Click on "In reply to", for Authors past commentaries.
* Monday December 28 , 2009 07:06 GMT
Oil
Morning Report
Crude succeeded in achieving the bearish correction scenario, shown in last Friday's reports, where it managed to build a base on levels around 76.30 and push to the upside once again, and attacking resistance level for the ascending channel that organizes present trades. We expect a similar scenario today, with some minor bearish correction and a base built on 77.80 and then achieve a possible ascend over an intraday basis; its main targets start at 78.65 , followed by 79.35 zones. The bullish direction will prevail if 77.10 remain intact.
The trading range for today is among the key support at 76.75 and the key resistance at 81.00.
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/2009/12/28/07-06-40/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.
