Today's
Chart: CRUDEOIL
Overview :
Crude oil prices rose by around 9 percent last week. After hitting the psychological level of $50 and remain stable above the EMA50. Support is seen near a vertical down ward trend line and resistance level at $49.03, while resistance is seen near a EMA200 level at $51.94. Expected trading range for today $49.03 support level and $51.94 resistance level. On an intra day basis, we expect the positive momentum to continue the short term bearish trend. On the upside resistance level at $50.11, if market break this resistance level upside breakout is expected with potential target of $51.54
|
|
R2
|
R1
|
S1
|
S2
|
|
Gold |
1186
|
1171
|
1159
|
1149
|
|
SILVER |
16.24
|
16.11
|
15.73
|
15.52
|
|
CRUDE OIL |
53.17
|
51.14
|
47.45
|
45.67
|
|
COPPER |
2.4693
|
2.4419
|
2.3863
|
2.3507
|
|
NATURAL GAS |
2.614
|
2.564
|
2.492
|
2.453
|
|
PLATINUM |
1003
|
996
|
976
|
965
|
|
PALLADIUM |
742
|
721
|
700
|
683
|
To trade with more efficiency using proper support and resistance levels helps a lot. Experts from Financial Advisory Services
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