Jul 212014
 

4XEagleEye Chart

2014.07.21 [ | ] The OIL bias is neutral. Upper barrier is at (103.99), break above that area could trigger further short term upside pressure testing (103.81). On the downside, the important price level at (101.75) may be tested or broken in the coming sessions, which may pull the pair towards (100.48 – 99.76). We need to keep a closer look on how prices would behave on today`s trading session.

Market Snaphoot 1 Market Snapshots


Summary
Direction
Moving Avg.

Indicators.
68%
Reversal Prob.
Oscillator

Bullish Engulfing Pattern

Candle

Harmonic
103.18 103.81 104.53 105.16 105.88
101.85 101.15 100.48 99.76 98.97
Hourly Alerts
Reverse Expected 5 hours ago There is 68% probability that OIL will reverse soon. Traders should consider selling the instrument or taking profits on current long trades.
Neutral Trend Broken 5 hours ago OIL is on up trend as long as it stays above (101.75), any 4 hours close below this level will change instrument`s direction. Traders should consider buying every depth with a stop loss below (101.75)
Reverse Expected 6 hours ago There is 64% probability that OIL will reverse soon. Traders should consider selling the instrument or taking profits on current long trades.
Copyrights: FX Eagle Eye is a combined efforts for the JV between letsfx.com and 4XEagleEye.com

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