Wednesday, June 24, 2009

Crude Technical Analysis 24th june 2009

Crude oil After Making short term top at $ 73.15 had Sharply Fallen from the Short term trendline , the Trend Which Started from $49.05--$73.15. After touching a new Weekly low of $ 66.25 had bounced back to $68.6 Sub levels trending in a triangle further Downside is Expected on Breach of $ 68, opening lower trgts of 67.1--66.25---65 . On the upside it faces stiff Resistance at 70.1--71.4- 72.45 , Sell On rise with top as SL would be Recommended for Short term

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