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Wednesday 6 November 2013

CRUDE OIL TECHNICAL ANALYSIS

Hello guys!

Its been a while since i post my analysis, actually i'm a bit busy in my exams and i'll start posting regularly after some time so keep visiting..

I am going to discuss about Crude Oil, yesterday we saw an uptrend green candle in #CL daily chart, after that Bullish Engulfing Candles pattern formed at the Support level 93.50, followed by 24th June.
Crude Oil Chart
The Resistance levels is at 95.60, if bulls manage to break this level the next stop will be at 97.35 (23.6 at fib).

Today's crude oil important support/resistance levels are:

D_R1: 95.60, D_R2: 96.37, D_R3: 97.35
D_PP: 94.62
D_S1: 93.85, D_S2: 92.87, D_S3: 92.10

Thank you, and please share your response. 


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