WTI Crude 07 Oct '12
WTI Crude daily price action pulled back after an oversold rally thus creating a Tweezers Candle stick pattern. Resistance on the upside is located at 92.00 followed by 93.43 and 96.17. Alternatively support on the downside is located at 88.68 ( 50 % Fib Retracement ) followed by 87.70 and 85.92. Stochastics are creating higher highs and also curling up from the oversold level.
You can also watch Video Market Analysis here : traders-club.co.uk/videos
You can also watch Video Market Analysis here : traders-club.co.uk/videos
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.