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Friday, January 08, 2010 9:31:41 AM
Technical Oil Report
* Friday January 8 , 2010 06:51 GMT
Oil
Morning Report
Crude is gradually nearing support, mentioned yesterday at 82.00 areas – retesting level – with the stochastic entering oversold areas; therefore making us hold onto yesterday's expectations that point to a possible bullish intraday direction; building a base on the mentioned support that targets mainly 84.50 and requires 81.40 to maintain chances of achieving it.
The trading range for today is among the key support at 79.90 and the key resistance at 85.00.
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/2010/01/08/06-51-24/index.htm
George.
Click on "In reply to", for Authors past commentaries.
* Friday January 8 , 2010 06:51 GMT
Oil
Morning Report
Crude is gradually nearing support, mentioned yesterday at 82.00 areas – retesting level – with the stochastic entering oversold areas; therefore making us hold onto yesterday's expectations that point to a possible bullish intraday direction; building a base on the mentioned support that targets mainly 84.50 and requires 81.40 to maintain chances of achieving it.
The trading range for today is among the key support at 79.90 and the key resistance at 85.00.
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/2010/01/08/06-51-24/index.htm
George.
Click on "In reply to", for Authors past commentaries.
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