Crude oil has closed above stiff resistance around 3875 levels on MCX. A definitive close above 3875 for the next few days is very bullish for crude which has been rangebound for the last 15-18 months. Keep an eye on these levels closely.
Tuesday, November 9, 2010
Crude Oil - breaking out of range?
Crude oil has closed above stiff resistance around 3875 levels on MCX. A definitive close above 3875 for the next few days is very bullish for crude which has been rangebound for the last 15-18 months. Keep an eye on these levels closely.
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