OIL ANALYSIS
Comments: With
refrence to 4-30-2012 droped down from 106.39 to 77.25, market has achieved 76%
retrecement.
As 98.30 is strong resistance
leve, Wave 3 as indicated in the above chart elaborating a clear aim to test
98.30, If it closes above resistance and continues above it, Confirms the Wave
3 and will test 100 and other levels are 102 and 106.
Market enters its
Bearish trend if it breaks 92, then the levels are 89.50, 85.20, 83.93.
Otherwise
market will be called range bound.
For
further Discussion Please Contact.
No comments:
Post a Comment