Support: 102.75, 102.30, 101.65, 101.15, 100.80
Resistance: 103.00, 103.50, 104.00, 104.45, 105.20
Recommendation Short below 103.50, targets at 102.75 and 102.30. Stop loss above 104.30
Friday 30 May 2014
Oil Update
WTI Crude oil moved decisively lower yesterday, as price failed to
breach 104.45 main resistance level, to retreat breaking the rising
trend line for the latest bullish wave, and the near term main
horizontal support at 103.50 and that warns that the price has topped
for the short term, and could probably correct further, where we expect a
test of 102.00 levels.
Support: 102.75, 102.30, 101.65, 101.15, 100.80
Resistance: 103.00, 103.50, 104.00, 104.45, 105.20
Recommendation Short below 103.50, targets at 102.75 and 102.30. Stop loss above 104.30
Support: 102.75, 102.30, 101.65, 101.15, 100.80
Resistance: 103.00, 103.50, 104.00, 104.45, 105.20
Recommendation Short below 103.50, targets at 102.75 and 102.30. Stop loss above 104.30
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