23 Jul 2014
Crude Oil: Support at 106.80 could be violated - eFXnews
FXStreet (Łódź) - The eFXnews team point out that that the SEB stresses that oil's correction higher might or might not be completed.
Key quotes
"So with two equally likely near-term wave structures we advise keeping eyes on support at 106.80."
"Above would host a +108.60 high before down (which would be needed to reduce the short-term stretch) while below this watershed would again expose the recent 105.50 low (with some support at 106.05/90."
'This content has been provided under specific arrangement with eFXnews.'
Key quotes
"So with two equally likely near-term wave structures we advise keeping eyes on support at 106.80."
"Above would host a +108.60 high before down (which would be needed to reduce the short-term stretch) while below this watershed would again expose the recent 105.50 low (with some support at 106.05/90."
'This content has been provided under specific arrangement with eFXnews.'