April 25, 2011

CRUDE OIL - Near Resistance level

CHART-II
  • Crude oil Starts to correct as discussed in the below chart.
CHART-I
  • Crude oil 4 hour chart with support and resistance levels.
  • Price is trading near resistance level of 113.45. Up move from here will be possible only if price sustains above 113.45.
  • Next support for Crude is at 109.12.
  • Crude is likely to correct to 109 levels in the short term.
By at

2 comments:

  1. alphabet1April 25, 2011 at 7:57 PM

    Lets have Nifty futures 4 hour chart with 14 dma.
    Thank You

    ReplyDelete
  2. SanApril 25, 2011 at 8:04 PM

    @alphabet1

    Your dma stands for Daily Moving Average or Displaced Moving average.

    ReplyDelete

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