Crude Oil Fundamental Analysis March 14, 2012, Forecast

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Analysis and Recommendations:

Crude Oil is trading at 106.95 after hitting a high of 107.34.

Crude like all the other commodities and currencies are taking a wait see until the Fed rate decision and FOMC minutes. Crude has fluctuated today on the movement of the dollar. Increased market sentiment in Germany gave it a bump, but increases in US retail sales did not change the course of the charts.


It is just time to sit back and wait along with everyone else.

""

Economic Events: ( GMT )

WEEKLY

Crude Oil Pivot Points (Time Frame: 1 Day)

 
Name S3 S2 S1 Pivot R1 R2 R3
Classic 104.087 104.873 105.777 106.563 107.467 108.253 109.157
Fibonacci 104.873 105.519 105.918 106.563 107.209 107.608 108.253
Camarilla 106.215 106.370 106.525 106.563 106.835 106.990 107.145
Woodie's - 104.903 105.835 106.593 107.525 108.283 -
DeMark's - - 107.860 106.760 106.170 - -



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Commodities

Referenced Stocks: GMT

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