Aug 122015

4XEagleEye Chart

2015.07.15 [ | ] Weakness in OIL is likely to continue. We see a less chances of an immediate rise on the instrument for short-term technical outlook. Next downside barriers follow (52.91) at (52.10) and (51.18).We will try to sell OIL from our mentioned resistance levels.

Market Snaphoot 1 Market Snapshots



Moving Avg.

Reversal Prob. Oscillator Candle Harmonic
55.29 56.86 57.67 59.24 60.04
52.91 52.10 51.18 49.72 48.15
Hourly Alerts
MACD Turning Bearish 15 Jul 2015 17:04:58 OIL MACD (12, 26, 9) histogram turned from bullish to bearish. This should empower the instrument`s bearish technical short term outlook.
MA Penetrated 15 Jul 2015 17:04:58 OIL has closed below 100 SMA. This reflects supply forces victory on short term technical outlook.
MA Penetrated 15 Jul 2015 17:04:58 OIL has closed below 50 SMA. This reflects supply forces victory on short term technical outlook.
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