February 13, 2012

CRUDE Oil at channel resistance

CHART-II
  • Resistance line of crude oil has been violated. Next resistance at 101.27 levels.
CHART-I
  • Crude oil at channel resistance.
  • Last hit at this channel resulted in a fall from 99 to 96 levels.
  • A similar move to 96 levels can be seen from the current levels. 
  • Channel breakout cannot be ruled out which may take Crude oil to 101 levels.
  • MCX CRUDE OIL RISING SUPPORT LEVELS

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