Technical Analysis
Crude Oil (NYMEX)
www.masrfx.com
Crude Oil (Jan 12) intraday: the downside prevails.
Pivot: 97.50
Our Preference: SHORT positions below 97.5 with 95.75 & 95.2 in sight.
Alternative scenario: The upside penetration of 97.5 will call for 98.5 & 99.3.
Comment: the RSI is bearish and calls for further downside.
Trend: ST Consolidation; MT Ltd upside
Key levels Comment
99.3*** Fib retracement (50%)
98.5*** Fib retracement (38.2%)
97.5** Intraday pivot point
96.67 Last
95.75** Intraday support
95.2** Intraday support
94.1*** Intraday support
Crude Oil (NYMEX)
www.masrfx.com
Crude Oil (Jan 12) intraday: the downside prevails.
Pivot: 97.50
Our Preference: SHORT positions below 97.5 with 95.75 & 95.2 in sight.
Alternative scenario: The upside penetration of 97.5 will call for 98.5 & 99.3.
Comment: the RSI is bearish and calls for further downside.
Trend: ST Consolidation; MT Ltd upside
Key levels Comment
99.3*** Fib retracement (50%)
98.5*** Fib retracement (38.2%)
97.5** Intraday pivot point
96.67 Last
95.75** Intraday support
95.2** Intraday support
94.1*** Intraday support