26th Sep - Brent Crude Pulls Back to 38.2% Support
26 September 2013
WEEKLY CHART – CONTINUATION:
Recent strength saw erosion of the falling resistance line. A clearer violation would put wind in the bulls’ sails, but currently we wait to see if the break was a false one.
DAILY CHART – Nov-13:
The break through the Feb high was quite brief, although the overall picture remains bullish for now.
Ideally price should hold at the 108.30 38.2% retracement, which is providing current support. A break below this would imply momentum loss and turn bulls cautious. A further drop through the 103.89 08-Aug low would be a negative sign.
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26th Sep - Cable Bulls in the Ascendant 
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19th Sep - US Dollar Index Breaks Further Support