NYMEX:CLX2012   CRUDE OIL FUTURES (NOV 2012)
219 views
0
WTI Crude daily price action pulled back after an oversold rally thus creating a Tweezers Candle stick pattern. Resistance on the upside is located at 92.00 followed by 93.43 and 96.17. Alternatively support on the downside is located at 88.68 ( 50 % Fib Retracement ) followed by 87.70 and 85.92. Stochastics are creating higher highs and also curling up from the oversold level.

You can also watch Video Market Analysis here : http://www.traders-club.co.uk/videos

Comments