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Monday, November 14, 2011

NYMEX / COMEX WTI CRUDE OIL WEEKLY TREND , LEVELS & TRADING STRATEGY : 14 NOV 2011

WEEKLY TRADING LEVELS

BEST BUY LEVEL & SUPP @ $96 ACTUAL RESIS & BEST SHORT LEVEL @ 97 (CURR SUPP)A BREAK ABOVE 98.20 UPSIDE TGT 101.68/103.10 ; A CRACK BELOW 94.80 DOWNSIDE TGT 90.90/89.48

CMP – 99.23

DAILY TREND : FIRM BULLISH

WEEKLY TREND : ALL LEADING INDICATORS ABOVE THE RESISTANCE CHANNEL ; FIRM BULLISH

TRADING STRATEGY : IT WOULD BE A IDEAL/JACKPOT BUY IF WE GET CRUDE OIL @ 96$ OR 97.08FOR TGT 102/103.10

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