CrudeOil LevelsAfter yesterdays steep fall, Crudeoil has been consolidating. Crossing 50% Fibonacci level can take it higher. Breaking yesterday's low will take it further down.
Energy Commodities
Crude Oil WTIIts been observed Oil making upward move from quiet a time now and forming flag and pennant pattern in its upward movement. To take new position lets wait for the breakout on either side of trend line on lower time frame of 1 hr for confirmation and then take decision until then just wait till this whipsaws get clear.
You guys can check out my last update on Crude Oil WTI in my profile where buying above $ 55 was been suggested.
Reliance Industries | Bad-NewsSome bad news is coming for RIL.
it's related to the 'theft of gas' in bay of bengal.
www.financialexpress.com
Oil prices | Oil companies | contradictorycrude oil prices are heavily falling in past 3 - 4 weeks.
we can see good quarterly results in oil-based industries.
it will also affect petrochemicals prices.
so take a watch on companies which are in this sector, or having petrochemicals as a raw material.
Crude can go up to 57-60???????Refer chart. double top formation trend line breakdown also possible.
Vijayaraghavan.K,
Kovilpatti
USDINR levels for october series #CURRENCY I personally am bullish on rupee and bearish on USDINR , looking TO CREATE MORE SHORT POSITION!
Ready to Ride!!let's C ..where it ll go...>>>>
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