Light Sweet Crude
The CL climbed again during Wednesday’s session, but only to the top of the recent consolidation range. Because of this the market looks like it wants to go sideways between $97.50 and $102.50 for the time being. The bias is to the upside still, as that is the direction of the overall trend.
Brent
Unlike the CL, Brent managed to break out of the recent consolidation, and looks very bullish at this point. $112.50 has given way, and is confirmed as being a supportive area. The market looks set to test $120 before the move is done and over.Originally Posted meta4forexbroker.com..
crude oil predictions 26/05/2011, crude oil forecast may 26 2011, will oil price go today 26 may 2011, oil prices down, oil prices up, everage oil prices, when will oil go today, crude oil issu, may 26 2011, crude oil news today, oil proces may 26/05/2011, For the latest updates PRESS CTR + D or visit Stock Market news Today
No comments:
Post a Comment