{"id":24994,"date":"2011-11-07T09:43:24","date_gmt":"2011-11-07T14:43:24","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=24994"},"modified":"2011-11-07T09:43:24","modified_gmt":"2011-11-07T14:43:24","slug":"crude-oil-weekly-outlook-07-11-november-heading-for-a-hundred","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/11\/07\/crude-oil-weekly-outlook-07-11-november-heading-for-a-hundred\/","title":{"rendered":"Crude Oil Weekly outlook &#8211; 07 &#8211; 11 November &#8211; Heading for a Hundred?"},"content":{"rendered":"<p><strong>Crude oil \u2013 Weekly outlook 07 November \u2013 11 November 7, 2011<\/strong><\/p>\n<p>Our analysis of last weeks Hikkake pattern came off to the upside as expected; however we were unable to see the market closing above its next resistance level at 95. Friday saw a high of 94.90 before slightly retracing and closing the day with a bullish pin bar. The next significant area we may see the market reach is 100. With last weeks Hikkake and Friday\u2019s pin bar the market could reach this area in the coming days\/weeks.<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><img decoding=\"async\" src=\"http:\/\/www.vantage-fx.com\/images\/stories\/oilweeklyoutlook07nov.gif\" alt=\"oilweeklyoutlook07nov\" width=\"500\" \/><\/p>\n<p style=\"text-align: left;\">Below we can see the Hikkake pattern mentioned in last week\u2019s analysis. The Hikkake was strengthened as it was formed at a significant area in the market rejecting the 90 level<\/p>\n<p style=\"text-align: center;\"><img decoding=\"async\" src=\"http:\/\/www.vantage-fx.com\/images\/stories\/oilweeklyoutlook07novzoom.gif\" alt=\"oilweeklyoutlook07novzoom\" width=\"500\" \/><\/p>\n<p>Should we see a break and close above 95 we could see the bull\u2019s pushing the market back up to the 100 area. We would have liked to have seen last Friday\u2019s pin bar closing above 95 to further confirm our bullish outlook. However price action at this time is still favoring the bulls.<\/p>\n<p><strong>\u00a0Article by <a href=\"http:\/\/www.vantage-fx.com\" target=\"_blank\">vantage-fx.com<\/a><\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crude oil \u2013 Weekly outlook 07 November \u2013 11 November 7, 2011 Our analysis of last weeks Hikkake pattern came off to the upside as expected; however we were unable to see the market closing above its next resistance level at 95. Friday saw a high of 94.90 before slightly retracing and closing the day &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2011\/11\/07\/crude-oil-weekly-outlook-07-11-november-heading-for-a-hundred\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Crude Oil Weekly outlook &#8211; 07 &#8211; 11 November &#8211; Heading for a Hundred?&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-24994","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/24994","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=24994"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/24994\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=24994"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=24994"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=24994"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}