7 May 2018

Share




CRUDE OIL ANALYSIS

CRUDE IS APPROACHING ITS RESISTANCE ZONE (70.50-73.50(refer Nymex Chart) and 4860-4960(MCX CHART)
CRUDE IS INCREASING DUE TO MIDD EAST TENSIONS AND RISING WAR BETWEEN US-RUSSIA BUT THIS INCREASE SHOULD MEET SOME STRICT HURDLES DUE TO SUFFICIENT SUPPLY AND TECHNICAL RESISTANCES IN BETWEEN
WE CAN EXPECT GOOD PULLBACK FROM THESE ZONES AND WE SHOULD SEE LEVEL'S 4380-4060 LEVEL'S IN DAY'S TO COME.
DO REMEMBER ANY CLOSE ABOVE 4960 ON CONSISTENT BASIS(WEEKLY CLOSE) CAN TAKE CRUDE TO MUCH HIGHER LEVEL'S 5138-5575(75.80-80.30 ON NYMEX) SO TRADE WITH CAUTION AND STRICT STOP LOSS TO PREVENT ANY BIG LOSS OR TO CAUGHT ON WRONG SIDE OF MOVEMENT.
disclaimer
all the level's mentioned are on the basis of the research done on my chart analysis and any action taken should meet with due diligence from individual trader side

WWW.SURESHOTFORMULA.COM