Wednesday, October 3, 2012

20121003 1210 Crude Oil Daily Chart Study.


Chart Reading :
Bollinger band reading : correction range bound downside biased market development.
MACD Histogram : recovering, seller taking profit.
Support : 91, 89, 88, 86.8 level.
Resistance : 93.2, 94, 94.5, 98 level.
Idea : Short at resistance, break down, set stop loss above resistance level. Not encourage to long.

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