{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/oil-daily-pin-bar\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/oil-daily-pin-bar\/","headline":"Live Oil Daily Pin Bar Setup","name":"Live Oil Daily Pin Bar Setup","description":"Oil has formed a large an obvious Pin Bar on the daily chart. This Pin Bar is rejecting the key support for this market which has been tested recently with another Pin Bar. The recent trend in this market has been higher and taking long trades would be trading with this trend on your side. […]","datePublished":"2013-05-24","dateModified":"2019-08-05","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/jonfox\/#Person","name":"Johnathon Fox","url":"https:\/\/forexschoolonline.com\/author\/jonfox\/","identifier":1,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2013\/05\/reccc.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2013\/05\/reccc.png","height":"382","width":"581"},"url":"https:\/\/forexschoolonline.com\/oil-daily-pin-bar\/","about":["Price Action Charts in Focus"],"wordCount":144,"articleBody":"Oil has formed a large an obvious Pin Bar on the daily chart. This Pin Bar is rejecting the key support for this market which has been tested recently with another Pin Bar. The recent trend in this market has been higher and taking long trades would be trading with this trend on your side.If price breaks the Pin Bars high the first minor resistance comes in very close overhead. For any sustained move to occur price is going to have to break out\u00a0through\u00a0this level. If price can break through this level the next major resistance comes in around the recent market highs at 96.70.If price fails or cannot manage to move through this level just above the Pin Bar high the first support level for price to fall into comes in around the 93.30 area. OIL DAILY CHART | 24 MAY 2013 \u00a0"}