September 14, 2012

MCX CRUDE Oil Trend update

  • Crude oil daily chart shows price ranges continues to give upper breakouts.
  • Weekly chart shows a possible W pattern. for now price may form a range between 99 - 102 level. Closing above 102 may target 105 levels.
  • Monthly chart shows the falling resistance line from 147 through 110 will meet price at around 105 levels for the current month candle.

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