Sunday, October 23, 2016

Crude Oil Trading: Weekends Post for the week 24th Oct - 28th Oct

CL tested the neckline of the inverse HS. It could breakout anytime or move in ranges in the yellow region. Coming OPEC meeting is critical.


Daily support/resistance on 24th Oct: 50.87, 50.62
Weekly support/resistance from 24th Oct - 28th Oct: 50.95, 50.85
Monthly support/resistance for Oct: 47.25, 45.66, 47.27, 45.72 (CLX6), 47.89, 46.40 (CLZ6)

1 comment:

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