Crude oil analysis
Crude oil price trading above 50$ and sustaining with ease on that 50$ per barrel level which we gonna count as a good strength , however a good resistance on daily chart stands at 51.20$ , if traders take this hurdle out and manage to sustain trade above our resistance today . Then expect more firepower in this black gold upto 51.90$ – 52.60$ today .
A good support on daily chart stands at 49.40$ , if traders take this base out and manage to sustain trade below our support today . Then expect some pressure on this major commodity upto 48.70$ – 48$ .
Crude oil analysis conclusion : Trend suggests more positive upmove in this major commodity , avoid sell .
Wallstreet analysis
Dowjones ( DJIA ) opened higher and trading at lifetime high of 22330 , Even though its an uncharted territory . A good hurdle on daily chart stands at 22450 . If traders take this hurdle out and manage to sustain trade above our resistance today . Then expect more firepower in this major world index upto 22600 – 22770 .
A good base level on daily chart stands at 22180 , if traders take this base out and manage to sustain trade below our support today . Then expect some pressure in dowjones upto 22000 – 21880 .
Wallstreet analysis conclusion : Dowjones ( DJIA ) trend is positive and its trading in uncharted territory , better avoid trade and wait for market to settle .
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