Technical analysis for crude oil – 6 June 2013

Technical analysis for crude oil -14 June 2013

WTI crude markets tried progress during the session on Wednesday, but as we can see, it has failed at it again at the level of 94.50 dollars for the second day in a row. For this reason, it seems that the market has begun to suffer, and does not help that we have to form a flame during the session. In addition, we have a number payrolls report the non-agricultural sector, which will be announced on Friday, which, of course, always cause large fluctuations in the oil markets.

The main reason for this is that the number of employment serves as a measure of the potential energy demand, and the idea that there are more appointments mean that there will be more production in factories. In that case, there will be more demand for oil. Above all, the fact that there are more people who work means that there are more people who will drive cars, vehicles, and of course this means that demand for oil will rise as well. In the front, I still think that this is a relatively choppy market waiting to start, and frankly, I have no interest in getting involved in the serum of this market. Had to deal with this very difficult market, and has been restricted to the scope of deliberative at best. In this case, I find that this is simply the market seems a good way to lose money these days.

But it has certainly regressive tendencies
I think that the $ 92.00 level will be tested soon, and that this will eventually open the door for sellers. In the end, will be heading towards $ 90.00 level, which of course could have been very supportive based on the fact that it is a large whole number.

But in the end, I think that the market will move down only if you’re lucky. Most likely, they will move back and forward intermittently for the rest of the summer. For this reason, I find that it is possible to deal with this market during the short 90% of the time, which of course means that the month of June will monitor all markets. I can trade in this market with regressive tendencies If you traders short periods.