Pipsafe Logo

[text]

Oil Pivot Point

Crude Oil (NYMEX) (J5) Intraday: capped by a negative trend line

Pivot: 49

Most Likely Scenario: Short positions below 49 with targets @ 47.3 & 46.4 in extension.

Alternative scenario: Above 49 look for further upside with 49.85 & 50.6 as targets.

Comment: As long as 49 is resistance, likely decline to 47.3.

Oil Chart

unnamed

fxpro

[/text]

[ssba]



LEAVE A COMMENT


capcha

ADVERTISE

Alert Header

Alert Message