{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/oil-pin-bar\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/oil-pin-bar\/","headline":"Oil Pin Bar","name":"Oil Pin Bar","description":"The price for oil has dropped during the last session after a Pin Bar reversal was created. The Pin Bar was on the 4hr chart and inline with the recent strong down momentum and at a pullback to resistance. Once price broke the low of the Pin Bar, price dropped into support around 91.60. If […]","datePublished":"2012-10-03","dateModified":"2019-08-04","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\/2012\/10\/oil.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2012\/10\/oil.png","height":"322","width":"690"},"url":"https:\/\/forexschoolonline.com\/oil-pin-bar\/","about":["Price Action Charts in Focus"],"wordCount":106,"articleBody":"The price for oil has dropped during the last session after a Pin Bar reversal was created. The Pin Bar was on the 4hr chart and inline with the recent strong down momentum and at a pullback to resistance.Once price broke the low of the Pin Bar, price dropped into support around 91.60.If support holds we could see price attack the upside where the near term resistance comes in around the area the Pin Bar rejected. If this support level breaks we would look for the down momentum to continue and bearish signals to get into the down trend. OIL 4HR CHART – 3 OCT 2012` "}