Crude Oil (CL, NYMEX) : Resistance at 112.47
Normal Lower Limits : 76.65 - 89.71 - 90.27
Mid-Point Reference : 87.14 - 96.00 - 96.46
Monthly Cycle Pivot Center : 97.63 - 102.28 - 102.65
Mid-Point Reference : 108.11 - 108.56 - 108.85
Normal Upper Limits : 114.85 - 115.04 - 118.60
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Normal Lower Limits : 94.98 - 96.38 - 98.52
Mid-Point Reference : (99.35) - (101.73) - (102.05)
Weekly Cycle Pivot Centers : (103.73) - (107.08) - (110.57)
Mid-Point Reference : (108.10) - (109.10) - (112.43)
Normal Upper Limits : 112.47 - 112.62 - 117.79
Remarks : The market momentum is strong when it is above the weekly cycle pivot centers at (103.73) - (107.08) - (110.57) . The weekly cycle normal upper limits at 112.47 - 112.62 - 117.79 would serve as resistant points.
Crude Oil (Monthly Cycle) : Resistance at 112.47
Remarks : The critical level of the monthly cycle is located at 100.59 - 102.65. The distribution profile of the monthly cycle probability chart indicates that the market is pulling towards the upper trading range at 108.85 - 112.98. The monthly cycle normal trading range is defined at 92.33 - 112.98. The current expected trading ranges from the monthly cycle projected series are 103.69 - 104.72* - 105.75 - 106.78 - 107.82 - 108.85* // 109.88 - 110.91 - 112.98* - 115.04.
Crude Oil : Monthly Cycle Charts
http://www.qindex.com/crude-oil.html
Albert Cheung (Ph.D.)
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crude oil : resistance at 112.47
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