February 24, 2015

CRUDE Oil bounce analysed

  • Weekly chart shows the bounce of crude oil loosing strength even before reaching 23.6% Fib level.
  • Daily chart shows price in a range
  • Price continues to stay below daily cloud. More strength only if price is able to stay above the cloud.




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1 comment:

  1. UnknownJune 4, 2015 at 1:31 PM

    According to intraday SGX signals as well as comex tips provider, NYMEX crude gains in Asia with all eyes on OPEC .Crude futures fall sarply, as U.S. stockpiles continue to dwindle .WTI oil futures trim losses after U.S. supply data.

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