Again same range in crude oil , if it click our resistance and manage to close above our resistance level then 97.50-99$ next for crude oil.
If nymex crude oil manage to click our support and close below our support level then 88-86.20$ next for crude oil
overall no major trend
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Posted by mohdarafat
weekly crude oil forecast 7th may 12
Crude oil has crashed badly last week and we enjoyed profit from 102$ to 100$ now it has a good weekly support at 95.10$ if this support breaks and crude close below this level than 93-91$ levels are next for crude oil, nearest support in crude oil at 97.20$
now a good resistance at 100.20$ if this resistance breaks and it close above this level than some fire in crude oil price till 102-105$ are not ruled out
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Posted by mohdarafat
crude oil trading at 80.30$
crude support at 78.70$ below this panic start
else expect 82-83$
looks bullish as of now
this is short term view only
yours technically
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Posted by mohdarafat
