New York time: 00:00:00
Local time: 00:00:00
Newsletter RSS 

Crude Oil Is Looking Impulsive On the Intra-day Basis; Could See $93.00

Top



Our Services Video Tour                   Subscribe to our newsletter
April 25 2013

Oil is forming an impulsive price action from 87.87 swing low. The reason is reaction towards 92.00 figure seen yesterday which has been very strong and sharp in short-period of time. That’s a personality of a third wave, so we think that market is forming a five wave pattern. With that in mind, be aware of more upside, this time towards 93.00 mark. Current sub-wave four may look for a support around 91.00 level. Market remains in bullish shape as long as 89.92 support is not breached.


7 Day Free Trial is available to NEW Members
Newsletter archive