TheBanker
Short

CL1! / OIL AHEAD OF DOHA MEETING SATURDAY 16th APRIL

NYMEX:CL1!   LIGHT CRUDE OIL FUTURES
The Department of Energy reported that U.S. commercial crude oil             inventories increased by 6.6 million barrels from the previous week. Gasoline inventories decreased by 4.2 million barrels last week.

Technically, Crude Oil             is manages to cross it is previous resistance of 42.25 but did not manages to sustain above the level and showed short term correction.In 4 hourly chart crude oil             has formed double top pattern and having neck line at 41.20 & trading below the 21 DMA .Sustain below the level can show selling and can test the level of 40.60 & 40 with the resistance of 42.40


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AMBRISH
7 months ago
Thanks.
+1 Reply
DAVID_GIRALDO
7 months ago
i love how you mix fundamental knowledge with your technicals!! i enjoy very much your analysis and views! thanks banker!
+1 Reply
TheBanker PRO DAVID_GIRALDO
7 months ago
Thanks for the kind words David, enjoy your weekend and speak soon!
Reply
keefer0
7 months ago
Is your target below $30? You didn't mention a target on your short? Thank you.
Reply
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