nymex crude slowly recovering as expected

WTI crude oil forecast for 30 nov. to 4 dec 2015
crude oil this week closed at 41.91$ with gain.
this was second weekly gain for oil prices.
fresh bottom is formed at 40$ and will remain as
support as stop loss for short term traders.
 
on upside 45.3 and 47.1 are strong resistances as well as
target zones for next week.
 
on weekly chart, higher bottoms with bullish indicators suggesting
buy on decline strategy with stop loss for big upside move.

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Updated: 28/11/2015 — 1:54 PM

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Pramod Baviskar

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