For the First Time Trying to Interpret Commodities Charts and Starting with
WTIC - Light Crude
WTI Crude : CMP : 106.23
EOD Charts
Crude Broken the Major Support 200MA $111/Barrel and currenlty at oversold levels
and the downside resistance coming near $100 as shown
and the downside resistance coming near $100 as shown
Inferece From Weekly Charts
Weekly Charts signals supports at $100 Few Bounce backs may expected as crude
is heavily oversold at this levels. Breaking the supports may expect $78 on the cards
is heavily oversold at this levels. Breaking the supports may expect $78 on the cards
|