We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
EUR/USD
Bullish
GBP/USD
Mixed
USD/JPY
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Oil - US Crude
Mixed
Bitcoin
Bearish
More View more
Crude Resistance 10450 Support 101 to 102

Crude Resistance 10450 Support 101 to 102

2011-03-29 15:14:00
Jsaettele,
Share:

60 Minute Bars

eliottWaves_oil_2_body_crude.png, Crude Resistance 10450 Support 101 to 102

Prepared by Jamie Saettele

The uptrend remains intact as long as price is above 9700. Short term support is from 100.70-102.99 (Fibonacci) and probably strongest near the lower end of that range (reinforced by pivot low). Allowing for weakness towards 101, favor the upside (again, against 9700) towards the longer term channel resistance and a measured objective of 11738.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.