April 22, 2013
Daily Price Levels; Crude Oil trading opportunities for Monday
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| Crude Oil Daily Price Levels; 60Min |
Crude Oil
60-Minute:
60-Minute:
The hourly anchor chart shows us more details on the
price-wedge pattern with a buy-zone of 86.55.
We will expect to see a struggle to get price lower into this buy-zone
and just before the sellers deliver the final knockout punch we will likely see
exhaustion and a price-reversal back higher.
We will be looking to buy in this zone starting at 86.55.
price-wedge pattern with a buy-zone of 86.55.
We will expect to see a struggle to get price lower into this buy-zone
and just before the sellers deliver the final knockout punch we will likely see
exhaustion and a price-reversal back higher.
We will be looking to buy in this zone starting at 86.55.
We can also notice the double-bottom which will produce
resistance levels overhead starting at 89.79 so look for a price jumping higher
to show signs of a price-reversal around the sell-zone of 89.94.
resistance levels overhead starting at 89.79 so look for a price jumping higher
to show signs of a price-reversal around the sell-zone of 89.94.
