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TheBanker
Mar 29, 2016 10:35 AM

CL1! - Comex Trading Analysis And Market Tips 29th March 2016 Short

Crude Oil FuturesNYMEX

Description

Overview:

Crude futures were relatively flat on Monday in thin post-Holiday trading, as investors continued to drag their feet ahead of next month’s highly-anticipated meeting between OPEC and Non OPEC members.
On technical chart, Very short term trend of crude oil is bearish on chart. On its, Daily chart, market is taking resistance of 200 SMA . Crude oil is sustaining below 200 & 50 SMA on Hourly Charts. Now it can test the next support of 36.00if it will break the level of 38.30. On higher side it is having resistance of previous significant high of 41.90.


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Comments
bayes5050
very nice
TheBanker
Thanks Derek hope you got some profit on this
newton
is it still posible to
trade
JPariz
using cad as a proxy here
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