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Thursday, August 4, 2011

CRUDE OIL REVISED ALERT

AS WE ARE GETTING ENQUIRIES REGARDING CRUDE OIL INITIATED LEVELS :

CRUDE OIL ALERT IS NOT TO SELL HERE ..RATHER IF TESTS USE THE OPPURTUNITY TO BUY OR AVERAGE

CRUDE OIL COMEX IF BREAKS THE LOW 90.70 THEN DEFINITELY WE WILL SEE 87.48 WITHIN TOM
BUT FROM HERE 90.70 THE BULLS HAS TO ONCE AGAIN STEP IN & TRY TO TRIGGER THE BEARS STOP LOSS

 It’s hurricane season so traders should continue to monitor weather conditions in the Gulf of Mexico to see if they will have any impact on refinery output. So far there have been no slow downs. This event would likely trigger a short-covering rally which coincidentally would occur if the market reaches an oversold level.

IF CRACKS 90.70$” BUT IT HAS BOUNCED FROM 90.76..THEN ALSO WE USE THIS OPPURTUNITY TO ACCUMULATE MORE LONG POSITIONS FOR TGT 95.48/97$..

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