nymex crude oil weekly predictions for 28 dec to 1 jan 2016

nymex crude oil weekly predictions for 28 dec to 1 jan 2016
nymex crude oil this week closed at 37.95$ with gain.
nymex crude oil weekly chart trend
is down but momentum is on recovery side.
For medium term , crude oil support zones are 34.7$ and 30.55$ levels.
On upside expect strong resistance at 39.4$ and 44$ levels.
For next week , expect recovery move to continue so
keep long view for crude oil with stop loss
below 35$ for target 39.4$ and 44$.

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Pramod Baviskar

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