Wednesday, February 25, 2015

Chartology: Crude Oil

WTI has been bouncing between $54 and 48 (approx) I had thought that might change when April became the new front mont but nothing yet.
$49.27 down a penny. We're going lower but it may take until the end of the quarter, futures appear to be levitated at present.

From Nifty Charts:

Descending Triangle and support levels of CRUDE OIL 
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh2XfE0BcUSp77ZA_bV-znqZI9YYJTOqh9MsrEo_JkvbMHwurtispTJp6qJo1uvC_4teiukL98ET-WzW7SRZRC8Dc6zt9ZVMSKZ2kVIYYRIV-11PIVUPCByRMBfvDdtdS0lGJqlHqL5BInD/s1600/Crude+oil+descending+triangle.png

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