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Sunday, September 7, 2014

CRUDE OIL UPDATES FOR SEPT 7 2014

SUNDAY



WEEKLY UPDATE



Crude Oil last week broken its long term support at 5660 levels and closed


well below 5660 levels, prices is expected to drop further up to 5550 levels


in the days to come, trend for the commodity remains very much bearish and


is expected to drop in big way if prices close below 5550 levels.


Weekly Call :



Sell Crude oil between 5645 – 5675



with stops above 5725



for targets 5575 and 5550.