November 4, 2014

CRUDE Oil testing Month support zone



  • Crude oil continues to give bearish breakdowns as seen in daily chart. Descending triangle discussed in an earlier post has worked well for CL bears.
  • Right now price is testing crucial support zone as shown in Month Time frame. Price action for now looks bad for Bulls of crude oil.



3 comments:

  1. HPCL: Buy - 535.5, Goal - 551, stop loss - 525
    cairn India: Sell - 290.8, Goal - 280, stop loss – 299
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  3. Shares of metal companies are trading lower up to 4% on the NSE after a private survey showed that China's services index slipped to a 3-month slow signalling signs of a sluggish economy.
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