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Friday, June 10, 2011

CRUDE OIL TREND ALERT

CRUDE OIL IS TRADING IN A TIGHT RANGE TODAY & HAS MADE A LOW OF 4515 & NOW TRADING @ 4521.. THE TREND IS MIXED .. THOUGH THE DAILY CHARTS SHOW SOME UPWARD MOVEMENT..WEEKLY TREND IS STILL BEARISH… THE BULLISH TREND WILL BE ONLY CONFIRMED IF CRUDE MAKES A NEW LOW THAN YESTERDAY’S LOW 4512 & CLOSES ABOVE THE PREVIOUS DAYS CLOSING PRICE 4548 ..

CMP - 4520

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