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First Binary Option Service Analysis for Oil and Platinum.

Crude oil price continued to trade positively approaching to retest the EMA50 which forms intraday resistance now at 105.55, as holding below this level is the key to continue the intraday bearish bias.

Stochastic reaches the overbought area to support the chances of a bearish rebound to target 102.65 area mainly, noting that a confirmed break for 105.55 will open the way to visit the main upside channel’s resistance near 110.00 Expected trading range for today is between 102.65 support and 106.00 resistance. Expected trend for today: Bearish Platinum Platinum provided new close around 1510.00 after it failed to breach 1522.00 reaching towards the suggested target level around 1545.00 to notice the price stability in sideways range until gaining new positive momentum that assist to breach 1522.00, therefore we recommend the sideways trend until achieving the required breach.

Stochastic supports the sideways trading until gaining the required momentum by surpassing the overbought level as appears in the above image. Expected trading range for today is between: 1500.00 and 1522.00 Expected trend for today: sideways

Friday, 23 Aug, 2013 / 6:56

Source : https://www.firstbinaryoption.com

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