12/01/2016
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UsOil weekly Technical Level
Date 12/Jan/2016
3rd Resistance = $36.37
2nd Resistance = $34.04
1st Resistance = $32.55
Pivot = $31.75
1st Support = $30.25
2nd Support = $29.46
3rd Support = $27.10
20 Days (MA) $35.62
50 Days (MA) $39.09
100 Days (MA) $42.35
200 Days (MA) $48.32
Based on the details above we suggest buying one position of oil at $30.25 and second position at $29.50 keeping stop loss at $27.00 for both.1st Target is $31.75 and 2nd $32.50.
Based on the details above we suggest sell one position of oil at $32.50 and second position at $34.00 keeping stop loss at $36.40 for both.1st Target is $31.75 and 2nd $30.30.
Bears have overall near-term chart advantage.
Key Resistance of the month $54-$45.82 then $41.60!
Month Pivot = $38
Key Support of the month $33.90 - $30 then $22.40
Any question please text me back
Saleem mir
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