News Center [Daily Reports] - Technical Analysis For Energy Markets

Home

CROWN FOREX

Products

Accounts

News Center [Daily Reports] - Technical Analysis For Energy Markets

Wednesday, January 07, 2009


After reversing from the minor resistance level at 50.15 and before reaching the suggested taret near the 50 day MA at 51.45, crude entered a downside wave that is expected to continue falling to reach the support level at 38.75 affected by a negative technical trend that will be confirmed if trading remains below 47.90. The next downside target is 45.85 and 45.25 as far as trading remains below the above mentioned level. The trading range for today is among the key support at 44.30 and the key resistance at 51.90 The general trend is to the downside as far as 92.30 remains intact with targets at 34.85 and 32.25
Support	46.80	46.45	46.00	45.85	45.50
Resistance	47.90	48.50	49.60	50.05	50.50
Recommendation	...

Search News

January 2009

Sun

Mon

Tue

Wed

Thu

Fri

Sat

Disclaimer:

The above may contain information for investors/traders and is not a recommendation to buy or sell currencies, gold, silver & energies, nor an offer to buy or sell currencies, gold, silver & energies. The information provided is obtained from sources deemed reliable but is not guaranteed as to accuracy or completeness. I am not liable for any losses or damages, monetary or otherwise that result. I recommend that anyone trading currencies, gold, silver & energies should do so with caution and consult with a broker before doing so. Prior performance may not be indicative of future performance. Currencies, gold, silver &energies presented should be considered speculative with a high degree of volatility and risk.