Trading Signal - 02/06/2015 - 10:00 (GMT +3)

Instrument: CRUDE
by: Chief Technical Strategist Avramis Despotis

Previous Close

60.15

Change

-0.28 %

Current

60.15

52 Week High

107.37

52 Week Low

44.36

30 Days ATR

1.37

40 Weeks ATR

3.44

Time

60min
CHART

Next 3
Days

240min
CHART

Next 3
Weeks

Daily
CHART

Next 3
Months

Trend & Condition

Upwards Strong

Neutral

Upwards Weak

Neutral

Upwards Strong

Neutral

Support &
Resistances

59.40

60.70

58.60

61.50

57.50

62.90

59.20

60.80

58.00

62.00

56.20

63.00

56.00

62.60

53.00

64.30

48.10

66.10

Comments

A Medium probability, entry signal

to go LONG was given at 60.10
after the market found support at
59.40. Only the downward break of
59.40 would cancel the bullish
scenario and take us SHORT.

The market is testing support at

59.20. We are waiting to see
reversal signals in order to reinstate
LONG positions, or alternatively the
upward break of the 60.80
resistance level. Next important
support the 58.00 level.

A Medium probability, entry signal

to go LONG will be given with the
upward break of 60.70 after the
market found support at 56.50. Only
the downward break of 56.50 would
cancel the bullish scenario and take
us SHORT.

Position & Trade

Probability

Entry, Take Profit &

Stop Loss Levels

Position

Entry

SL

LONG

60.10

59.40

Trade P.

TP1

TP2

Medium

61.50

62.80

Position

Entry

SL

BUY

Trade P.

TP1

TP2

61.50

62.80

Position

Entry

SL

BUY

60.70

56.50

Trade P.

TP1

TP2

Medium

68.00

75.00

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