price of oil keeps on declining toward the 89.5. the top was marked by a five impulive down what makes serach for a 3-3-5 pattern during month of august which is the case. the 10th of august it will take weeks to regain the 100 mark. and if 88.15 reached so we enter a bear oil market.
if and when ftse 100 will attain 5873 next resistance then the mark level will be 6094 if and only if the five impulsive up are beginning in 2011 low. and i think it is the case
so ashraf another thread subjective to exit of the channel.
okey dave two hours chart basis might give us the key to this mess chartology since the 22 of august. 20/08 at 0500 to 1300 3 correctives waves. 20/08 at 1300 to 23/08 at 500 3 waves. 23/08 at 500 to 24/08 at 700 5 waves down THIS ONE FORMED THE A WAVES. then a complex 335 pattern till the 04/09 at 1300 then five down to 94.52 and that makes us the ABC forming only wave A prime. all is followed by a 3-3-5 then five impulsives down to yesterday low. since the market is regaining momentum. now lets see the side effect of the good nfp release if any.
yes dave 5671 reached for CL your trget pivot point of 96.4 palyed well with the release of the surprise ISM number. 98.14 is not big resistance so on release of EIA inventories number later today we can have 98.5. For NFP release one can a number arounf the 170000 ceration in private payroll. so CL is upplaying quiet the number to be released.
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ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
https://t.co/Y7tD0RxCS2
@XM_COM (10 months ago)
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price of oil keeps on declining toward the 89.5.
the top was marked by a five impulive down what makes serach for a 3-3-5 pattern during month of august which is the case. the 10th of august
it will take weeks to regain the 100 mark. and if 88.15 reached so we enter a bear oil market.
what if the target of 1.37/38 reached got followed by a pennant or flag on the descending trendline?
1.29524 seemed to play quite well support for eurodollar. 23%retracement. then with little probability 1.28225.
thinking of short at this level
RSI at 92 on thrirty minutes basis.
so ashraf another thread subjective to exit of the channel.
20/08 at 0500 to 1300 3 correctives waves.
20/08 at 1300 to 23/08 at 500 3 waves.
23/08 at 500 to 24/08 at 700 5 waves down
THIS ONE FORMED THE A WAVES.
then a complex 335 pattern till the 04/09 at 1300
then five down to 94.52 and that makes us the ABC forming only wave A prime.
all is followed by a 3-3-5 then five impulsives down to yesterday low. since the market is regaining momentum.
now lets see the side effect of the good nfp release if any.
for CL your trget pivot point of 96.4 palyed well with the release of the surprise ISM number.
98.14 is not big resistance so on release of EIA inventories number later today we can have 98.5.
For NFP release one can a number arounf the 170000 ceration in private payroll.
so CL is upplaying quiet the number to be released.
on the 30th at 1500 on hour basis we have a five impulsives waves but should it be the C waves of the ABC pattern? on an eight hours basis.
on a daily basis, do you see the rsi at 75 with an objective of 100 dolar the barrel.
was Bo Xilai not too close from the GU?
congrate for your call on CL
5000 yen on rough rice at 15.000. take it? deliverable the 5000 yen in frankfurt by october.