(06/12) Crude continues to trade in the rising channel and the trend is up. There are few indications to suggest the uptrend is in trouble.
(06/05) The hold of the support area just above $120 and the subsequent bullish key day reversal today leads us to believe that the correction is over and that Crude may [...]
Entries Tagged as 'Commodity'
Crude Weekly Technical Trend
June 12th, 2008 · No Comments
Tags: Energy
Crude Oil Correction Bullish for USD/CAD
June 5th, 2008 · No Comments
Commodity and FX Bottom Line: Crude oil prices have entered in to a corrective phase based on Elliott Wave counts and valuation profiles. Supportlevels at 120.75 and 116.40 feature prominently in this scenario – with intermarket relationships suggesting that USD/CAD could extend gains to1.0238, followed by 1.0343.
Crude oil prices appear to have completed the 5th [...]
Tags: Energy
Crude: New highs
May 6th, 2008 · No Comments
Crude: The uptrend in Crude is still in place as it goes on to make news highs after having closed above the $119.90 resistance yesterday. There is little on the chart to suggest that the market won’t continue higher. The Long Term targets of $125-$126 are now in sight.
Tags: Commodity Market