Sunday, 8 March 2015

NYMEX Crude Analysis 8-Mar-2014

As per my Analysis, Crude Supports are 48.89/47.81$.

Based on the 15M/1H chart, Crude is reversing from 76.4% retracement level (48.89). If this supports, we can expect big bull run.

But, First, Crude must break 52.39.

This view will be invalid, If Crude breaks 47.81$.

Let us see how this progresses.

Thanks.