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| Crude Oil 240-Minute |
Crude Oil 4-Hour:
240-Minute chart shows us settling into the buy-zone at
92.63 so we will be looking for clues this morning if prices rise higher out of
this buy-zone or if the supply is too great and prices collapse below down to
91.37. We can see the big wick at the
bottom of this 4 hour candle, and when it closes we will have a big clue.
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| Crude Oil 60-Minute |
Crude Oil
60-Minute:
The hourly anchor chart shows us the price-channel buy-zone has
been unable to hold prices up this morning, which tells us the sellers are
stronger than we thought. This buy-zone of
92.45 will be a key area for today; if we close below 92.00 we will surely
collapse and fall lower to 91.42, however, if prices rebound and close above
the 93.26 we know there will be plenty of buying opportunities on the way up to
94.74.
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| Crude Oil 30-Minute |
Crude Oil
30-Minute:
We’ve tested the 92.45 buy-zone on the half-hour anchor
chart this morning. If we see a price-reversal
here we look for buying opportunities above the 92.45 back up to the 92.95 sell-zone
where we will take profit. If we break and
close below 92.06 we are bearish and prices will push lower to 91.32 buy-zone.
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| Crude Oil 5-Minute VIP |
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