Analys från ForexYard
Crude Oil (Feb 14) MT: key ST resistance at 100.
Pivot: 100.00
Our Preference: As long as 100 is resistance, look for choppy price action with a bearish bias.
Alternative Scenario: Above 100 eye a bounce towards 104.3 and 112.25 in extension.
Comment: the price is challenging a strong resistance at 100 and the RSI is just below a key resistance area.
Trend: ST Ltd downside; MT Range, we have been neutral since 2 OCT 2013 (101.5).
Key levels Comment
112.25 Horizontal resistance
104.3 Horizontal resistance
100 Pivot point
99.2 Last
91.7 Horizontal support
89.35 Horizontal support
85.7 Horizontal support
Copyright 1999 – 2013 TRADING CENTRAL
Pivot: 116
Our preference: long positions above 116 with targets @ 123.8 126 in extension.
Alternative scenario: below 116 look for further downside with 113.85 110 as targets.
Comment: the RSI is well directed.
Supports and resistances:
127.7 **
126 ***
123.8 ***
121.628 Last
116 ***
113.85 ***
110 **
Copyright 1999 – 2016 TRADING CENTRAL
Pivot: 32.8
Our preference: long positions above 32.8 with targets @ 34.84 35.9 in extension.
Alternative scenario: below 32.8 look for further downside with 31.7 30.6 as targets.
Comment: the break above 32.8 is a positive signal that has opened a path to 34.84.
Supports and resistances:
36.7
35.9
34.84
33.58 Last
32.8
31.7
30.6
Copyright 1999 – 2016 TRADING CENTRAL
Pivot: 35
Our preference: short positions below 35 with targets @ 26 23.3 in extension.
Alternative scenario: above 35 look for further upside with 38.5 43.5 as targets.
Comment: investors have to remain cautious since these levels may trigger profit taking.
Supports and resistances:
43.5 **
38.5 **
35 ***
33.82 Last
26 ***
23.3 **
20 **
Copyright 1999 – 2016 TRADING CENTRAL
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