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Notícias de trading
28 Mar 2013
Forex Flash: Oil forming a very bearish pattern - FXA
FXstreet.com (Barcelona) - While NYMEX Oil is above the $96 mark, at fresh 1-month highs, according to Foreign Exchange Analytics analyst David Solin, Oil is nearing the “ceiling of a large triangle before final top is seen,” David anticipates.
“The market is forming a very similar, very bearish pattern as recently played out in copper,” he notes, adding: “Oil is also forming a large triangle/ pennant since the Jun 2012 low at $77.28, and in this case also suggests an eventual downside resolution of the base (currently at $89.75/00), back to that $77.28 and below,” he concludes.
“The market is forming a very similar, very bearish pattern as recently played out in copper,” he notes, adding: “Oil is also forming a large triangle/ pennant since the Jun 2012 low at $77.28, and in this case also suggests an eventual downside resolution of the base (currently at $89.75/00), back to that $77.28 and below,” he concludes.