Nov 212014
 

4XEagleEye Chart

2014.11.11 [ | ] 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 (78.20) at (77.11) and (75.87). Look for short positions for current trading session.

Market Snaphoot 1 Market Snapshots


Summary

Direction

Moving Avg.

Indicators.
81%
Reversal Prob.
Oscillator Candle Harmonic
79.80 80.93 82.85 83.94 85.72
78.20 77.11 75.87 74.24 72.46
Hourly Alerts
Reverse Expected 11 Nov 2014 08:17:33 There is 81% probability that OIL will reverse soon. Traders should consider buying the instrument or taking profits on current short trades.
Stochastic Oversold 11 Nov 2014 08:17:33 OIL Stochastic (14) Main line has crossed above Signal line while both lines been below 20. This is a probable short term bullish turning point.
Down Trend 11 Nov 2014 08:17:33 OIL is facing a selling pressure pushing it down as long as it remains below (79.90) any four hours close below (78.20) will open the way for the instrument to test the next support level. Any four hours bare close above (79.90) will change instrument`s direction. Traders should consider selling each rally with a stop loss at (79.90).
Copyrights: FX Eagle Eye is a combined efforts for the JV between letsfx.com and 4XEagleEye.com

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