Saturday, June 25, 2016

Crude Oil Trading for the week 27th Jun - 1st Jul (Weekend post)

Crude oil is still within the rising wedge in the weekly TF. More confirmation needed if it is going to 55 or breaking the lower support line to form the right shoulder below.


Daily support/resistance on 27th Jun: 48.58, 47.91

Weekly support/resistance for 27th Jun - 1st Jul: 48.62, 47.92
Monthly support/resistance for Jun: 48.2, 48.09, 46.93, 46.62

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