23 Sept 2014 Light Crude Oil Analysis


CLV, Light Crude Oil, Crude Oil, Oil, Commodities, Commodity, technical analysis, projection, price projection Price of Light Crude Oil remains above 91.44 and after resistance at 92.24 held firm

CLV, Light Crude Oil, Crude Oil, Oil, Commodities, Commodity, technical analysis, projection, price projection 91.14 support close as the lowest attained price 90.43 two weeks ago looms.

CLV, Light Crude Oil, Crude Oil, Oil, Commodities, Commodity, technical analysis, projection, price projection Traditional MACD looks bearish as prices set to go lower

Moving averages all look to dip and lower highs are formed as Light Crude Oil looks set to break 91 today. Technical analysis points to possible retracements at 91.14 and 90.9 but the main trend looks overbought and set to continue bearish.

Trend Direction
S3
S2
S1
R1
R2
R3
Entry
Stop Loss
Exit
Bearish/ near support 90.43 90.9 91.14 92.24 92.62 93.35

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