Crude Breaks Trendline Resistance; Pulls Back from Former High

| 7 februari, 2014 | 0 kommentarer

Weekly

eliottWaves_oil_body_Picture_2.png, Crude Breaks Trendline Resistance; Pulls Back from Former High

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader and see ideas on other USD crosses

-Crude has broken through trendline resistance. The market immediately pulled back after testing highs from mid-December just below 99. As long as price is above 96.24, look higher. A drop below that level opens up 95 again.

-The failed break of long term trendline supports may very well propel the market higher in the coming months.

LEVELS: 95.14 96.24 97.25 | 98.79 99.46 100.73

–Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.

Taggar: ,

Kategori: Analys från DailyFX

Om skribenten ()

DailyFX från FXCM ger dig dagligen färska tekniska analyser på valuta och råvaror. FXCM är en ledande handelsplattform för trading av finansiella tillgångar med kraftfulla verktyg för alla sorters handel.

Lämna ett svar

Din e-postadress kommer inte publiceras. Obligatoriska fält är märkta *