Seeking Alpha

Chris Capre's  Instablog

Chris Capre
Send Message
Chris Capre is a professional forex, index futures and commodities trader, specializing in Price Action & Ichimoku trading. Chris applies his methods to the markets both intraday and medium term swing trading, and has been trading for over 13 years. He is also the manager for a private fund... More
My company:
2ndSkiesForex
My blog:
2ndSkiesForex
My book:
Trading Price Action and Pivot Points
  • Crude Oil Pin Bar Off Channel Top | Dec. 3rd 0 comments
    Dec 3, 2012 8:21 PM

    Crude Oil
    Building a case for a medium term bottom, Crude Oil had today formed a pin bar rejection off the key $90.00 level, and channel top structure which you can see in the chart below. If this channel holds, we could see it fall towards $86.00 and the bottom of the channel. However, if it clears the big figure, look for a breakout pullback setup which will likely challenge $93.

    (click to enlarge)

    Upcoming Economic Announcements:

    AUD Reserve Bank of Australia Rate Decision22.30EST
    GBP Purchasing Manager Index Construction04.30EST
    EUR Euro-zone Producer Price Index (YoY)05.00EST
    CAD Bank of Canada Rate Decision09.00EST
    AUD AiG Performance of Service Index17.30EST
Back To Chris Capre's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.