April 30, 2013
Crude Oil Daily price-levels; We closed above 94.00…now what?
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| Crude Oil Weekly |
Crude Oil Weekly:
We can see the weekly chart pushing higher this evening, and
with today’s close above the 94.00 big-round-number we can assume there will be
more buying overnight tonight. We are
surely bullish after looking at the weekly anchor chart.
with today’s close above the 94.00 big-round-number we can assume there will be
more buying overnight tonight. We are
surely bullish after looking at the weekly anchor chart.
 |
| Crude Oil Daily |
Crude Oil Daily:
Our daily chart needed to close > 94.00 this evening and
we certainly did exactly that. This
tells us the buyers are here to fight their way higher, but looks like they
have to go through the sell-zone at 94.74 in order to get above the 95.10 on
the way up to 97.02. Look for a close
above 95.10 on Tuesday for continued bullish pressure up to 97.02 later this
week. A close BELOW 94.74 tomorrow will
leave the door wide open for a price-reversal heading into FOMC Day on
Wednesday
we certainly did exactly that. This
tells us the buyers are here to fight their way higher, but looks like they
have to go through the sell-zone at 94.74 in order to get above the 95.10 on
the way up to 97.02. Look for a close
above 95.10 on Tuesday for continued bullish pressure up to 97.02 later this
week. A close BELOW 94.74 tomorrow will
leave the door wide open for a price-reversal heading into FOMC Day on
Wednesday
