Commodities
Monday, November 08, 2010
Crude
Crude (Bullish):
Crude closed at $86.85 as on 5\11\2010. It’s trading in a channel as per chart attached. One can use every decline to buy with SL-79 for the target of $ 95 in short term (i.e. - Upper end of channel).
One should wait for channel breakout for final confirmation of larger TREND for medium term in either of side.
Crude closed at $86.85 as on 5\11\2010. It’s trading in a channel as per chart attached. One can use every decline to buy with SL-79 for the target of $ 95 in short term (i.e. - Upper end of channel).
One should wait for channel breakout for final confirmation of larger TREND for medium term in either of side.