Crude Oil last week taken supports at 2800 and bounced to 3050 levels but could
not able to sustain at higher levels and dropped back to 2800 levels, '
strong supports at current levels is 2770 levels, any break below the
said level may have further correction up to 2500 levels , trend
remains bearish for the commodity.
Weekly Call :
Sell Crude oil only on a close below 2770'
with stops above 2900
for targets 2600 and 2500.
Friday, January 23, 2015
GM. MIXED MKT REACTIONS TO ECB SUPER STIMULUS/ BULLIONS OPEN FLAT/COPPER DOWN ARD 0.5%, COPPER REMAINS BEARISH BELOW 351 WEEKLY RES ABV 360 SUPP 348-345-341/CRUDE OPEENS UP OVER 1%/NAT GAS FLAT, OUR COMMENTARY 2 DAYS BACK NAT GAS WEAK BELOW 185 RES ABV 195 FOR TGTS 182-180-177, CLOSE BELOW 177 TO TGTS 170, BELOW 170 CLOSE MORE FREE FALL!!!/