{"id":28024,"date":"2012-03-07T10:13:30","date_gmt":"2012-03-07T15:13:30","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=28024"},"modified":"2012-03-07T10:13:30","modified_gmt":"2012-03-07T15:13:30","slug":"crude-oil-4hr-outlook-07-march","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2012\/03\/07\/crude-oil-4hr-outlook-07-march\/","title":{"rendered":"Crude Oil 4hr outlook – 07 March"},"content":{"rendered":"

Crude Oil 4hr outlook \u2013 07 March<\/strong><\/p>\n

Crude oil has continued its recent decline falling and closing below the 105.50 area suggesting a push back higher may be resisted.<\/p>\n

The initial recent decline was started by a strong bearish pin bar reversal as seen in the below chart. 2 bearish Hikkake\u2019s can also be seen strengthening our short term bearish outlook.<\/p>\n

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\"oil4hroutlook07mar\"<\/p>\n

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A bearish flag pattern has also started to form on the 4hr chart signaling further losses could be expected. A sequence of highs, lows, lower highs and lower lows is also starting to form which may confirm the bears are taking control.<\/p>\n

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\"oil4hroutlook07mar2\"<\/p>\n

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With the strong bearish short term outlook traders may look to short crude, initially targeting the next level of support which sits at the 103.70 area.<\/p>\n

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\"oil4hroutlook07mar3\"<\/p>\n

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We\u2019ll be looking to short the market upon a break of yesterdays lows at the 104.50 area with initial targets placed at 103.70. With the strong bearish outlook at present, it may be possible to place a tight stop loss resulting in a 1:2 R :R ratio.<\/p>\n

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Article by vantage-fx.com<\/strong><\/span><\/a><\/p>\n

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Crude Oil 4hr outlook \u2013 07 March Crude oil has continued its recent decline falling and closing below the 105.50 area suggesting a push back higher may be resisted. The initial recent decline was started by a strong bearish pin bar reversal as seen in the below chart. 2 bearish Hikkake\u2019s can also be seen … <\/p>\n

Continue reading “Crude Oil 4hr outlook – 07 March”<\/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-28024","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/28024","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=28024"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/28024\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=28024"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=28024"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=28024"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}