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FX.co ★ CRUDE OIL Sell Below 85.00 September 21, 2011 (Daily Strategy)

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Forex Analysis:::2011-09-21T13:56:33

CRUDE OIL Sell Below 85.00 September 21, 2011 (Daily Strategy)

CRUDE OIL Sell Below 85.00 September 21, 2011 (Daily Strategy)

CRUDE OIL

Technically, the break of the bottom line around 85.00 is a sign of continued downward movement with significant horizon downward to the $ 79 minimum. By contrast, the breakup of the top line weekly pivot around 87.70. will provide a clue to a new market recovery and a potential bullish on oil, back to the levels of resistance around $ 100 a barrel.

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