May 6, 2012
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
December 13, 2011
Crude oil trading 98.50$
a good resistance in crude oil price at 99.30$
if price sustain and close above this level than boom … crude can fire upto 101-103$ levels
if crude does not cross the resistance than ?
than crude can retrace till 97.50-96$ and even more
so should we sell crude or buy crude oil ?
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