Thursday 8 August 2013

Trade Alerts by Fibonacci - 08 Aug 2013 (23:19pm)


Entry PointKey LevelProjectionStop Loss
WTI OIL103.74 (Sell)103.4099.50104.60



WTI OIL Chart (1hour) - Analysis time: 23:19 pm

Commentary
A Fibonacci Analysis on 1hour WTI OIL Chart. Gives us an entry level of 103.74, will be looking to go short here with stops beyond 104.60. Also observing the key level. Our projection is 99.50. Lets see how the market reacts to our levels.

View
WTI Oil around $103.8 per barrel, for days ahead I see a bearish market. A correction starting next week, then a downward trend. Lets see!