Crude Oil Updates

CRUDE OIL TIPS : Oil continue up move…and slightly higher on worries over fighting in Libya and anti government protests throughout the Middle East . Last week from the low of 4377 it was made a high 4625 and finally managed close above 4543. In this week, we can expect trend decider 4515 and resistance 4629 watch out.

Crude Oil :As we have rightly predicted in out last report that prices might bounce back till 4650 levels, but it didn’t bounce back that level.

Technically speaking prices has formed Flag pattern and RSI is also form-ing the Ascending triangle. Prices has also formed a very strong resistance 4640 levels.

For the coming week we expect price to bounce back till 4670 levels in crude oil updates , with a strong support of 4456 level.

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