May 10, 2012

CRUDE OIL Chart Update

  • Crude oil getting support from Weekly cloud and daily support level near 95.
  • Major hurdle for bulls is the 200 Day SMA which must be crossed to generate upward momentum.
  • So for now price is stuck between these two support and resistance levels. Once price breakout of this range crude oil may give the next trending move

1 comment:

  1. Your content is really informative as well as really helpful for my Energy Market Research and development.
    India Oil and Gas Industry Outlook