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General Discussion Discuss anything that is not forex related - because there IS life outside of Forex!

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Old 07-18-2008, 03:10 PM
godoftrading godoftrading is offline
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Default Crude Price One Week from Today

Damn do I love markets. One day people on CNBC say crude to $200. The next Donald is on saying $50 and everyone agrees with him.

So I would like to play a little game and get everyones prediction of the crude price one week from today July 25th. Just a simple number.
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Old 08-18-2008, 01:26 PM
alex12 alex12 is offline
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Default Re: Crude Price One Week from Today

CRUDE OIL price is moving down curling around the median pitchfork line.
It is also curling around the MA lines, which gives us the sideway move.
MACD is also curling around 0 which is also a signal of continual sideway.
I think if the price goes above the resistance and the upper pitchfork line at 115.125, its next target level will be the resistance at 116.869 and if price goes down and settles below the median pitchfork line, its next target level will be the support at 111.377 and breaking through this level will let the price test the lower pitchfork line at about 108.345.

Resistance:
- 115.125
- 116.869
- 117.441
Support:
- 114.288
- 111.377
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