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Crude Oil/USD Signal- Oct. 17, 2012

Instrument: Crude Oil / USD
Trend Expected Direction: Flat
Method: Ichimoku, Technical Analysis
Description: Crude oil has been gaining against the American dollar since it formed a hammer after bouncing off of the 90 level. 4-hour chart suggests that the pair is ready for a break out. Price is moving above the cloud and Tenkan-Sen crossed above Kijun-Sen.
Recommendation: Long
Target Area: 93.60
Stop-Loss: 92.20

OIL/USD Signal 101712

Alp Kocak
About Alp Kocak
Alp Kocak has been trading Forex since 2003. He writes technical analysis based on Japanese candlesticks and Ichimoku Kinko Hyo.

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