Tuesday, June 29, 2010

The Crude oil Story...

In the daily chart shown, we can see that it had formed a Double Top during Apr-May . During May 1st week, it got confirmed and we saw it falling towards $67. It then retraced to 62% level and now it is showing tough resistance at this level. If it breaches $75 convincingly, we might see it heading to $71 immediately and later beyond…

Disclaimer: The views expressed herein are to be used with your own discretion and neither analyst nor the publisher will be responsible for the outcome.

MASTERSTROKES