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- johnscorpion replied Jun 10, 2009
Oil breached the previous mentioned neckline at 69.35, approaching the technical target around 72.00 zones. We still expect further inclines toward the targets around 72.00-72.35 zones but also some kind of volatile movements might be seen as the ...
- johnscorpion replied Jun 9, 2009
Crude moved lower in early trading touching an intraday low of $66.79 and looked poised for another sell off. However, the 9 day moving average proved once again good support level (a common feature of this short term up trend).Failure to cross ...
- johnscorpion replied Jun 9, 2009
Oil bearish action was stopped at 50% Fibonacci whereas the price inclined once more, reaching $ 68.50 a barrel. We see that additional downside movements are anticipated today as a result for the negative pressure appearing on the momentum ...
- johnscorpion replied Jun 8, 2009
WTI crude oil for July delivery spiked to 70.32 as soon as the US Labor Department reported that the decline in non-farm payroll was -345K, significantly better than consensus of -530K and -504K in the previous month. However, strong rebound in USD ...
- Posts by Member Search: 'johnscorpion'