WEEKEND UPDATE ON WTI CRUDE OIL

I HAVE GIVEN HERE  FFINAL UPDATE ON CRUDEOIL BECAUSE NEXT WEEK RESERVED FOR  INDEX (INDIAN STOCK MKT AND US MKT) AS PER OUR PLAN

TECHNICAL OVERVIEW– BULLS ARE ABLE TO BEAT BEARS BUT BEARS ARE ABLE TO PROTECT CRUCIAL LEVEL SO FAR. WEEKLY CLOSED BELOW NEAR DECEISSION POINT LEVEL

FUNDAMENTAL VIEW– SUPPLY GLUT IS A REAL CONCERN TO SOME BURDEN FOR BULLS.

ALSO US ELECTION ALSO NEAR

RIG COUNT DATA ALSO NOT ENCOURAGEABLE. 

ETC

Post Comment