FX.co - CRUDE OIL Sell Below 85.00 September 21, 2011 (Daily Strategy)

2011-09-21T13:56:33

Long-term review

CRUDE OIL Sell Below 85.00 September 21, 2011 (Daily Strategy)

CRUDE OIL

Technically, the break of the bottom line around 85.00 is a sign of continued downward movement with significant horizon downward to the $ 79 minimum. By contrast, the breakup of the top line weekly pivot around 87.70. will provide a clue to a new market recovery and a potential bullish on oil, back to the levels of resistance around $ 100 a barrel.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

FX.co ★ CRUDE OIL Sell Below 85.00 September 21, 2011 (Daily Strategy)

Forex Analysis

CRUDE OIL Sell Below 85.00 September 21, 2011 (Daily Strategy)