crude oil technical analysis update
from my last post :
“Crude oil can be seen that the support area holds 43-4, last Friday was a strong closing ,we Should receive confirmation that the opening of the next trading day .closing resistance band performed, a move above will lead to areas 51-4. if the level of 54 will break up be expected levels higher in the areaof $ 61-63
lets test the Canadian dollar compatibility we will see oil prices the past two weeks when the currency follow strong moves by the expectation, at the moment I expect the amendment to the level of 1.24 + _ equivalent to the level of 51-4 oil price ,if oil will move more then taht we need to expect even stronger repair more at the level of 1.19 + _”
update for 17.2.2015
look carfully the usdcad and crude oil they are the key factor
today the crude give us bullish sign and i would expcrt to see more when the usdcad will break down 1.23-40 ,then we prob will go to 1.2130-1.2220
another leg down will lead to 1.1930-60 area hand by hand with crude oil to 62-3 areas
good luck
update for 7.5.2015
as i worte thats what happen !!!
now if i see the right pic we are prob going for some corrections
if you will look closely at my chart the bands (yellow and white ) were cross above after they were both on the down trend side
now we will need to watch adn see crude oil move for those support areas
after that ill updates you again
good luck
 |
| crude oil |
This review does not including any document and / or file attached to it as an advice or recommendation to buy / sell securities and / or other advice