WTI bottom support at 39.5$ expect short covering

WTI Crude oil weekly forecast for 23 to 27 nov 2015
WTI crude oil this week closed with gain at 41.51.
on weekly chart crude touched pervious bottom support
of 39.5 and give positive closing, this might trigger
short covering rally in next week.
 
 
 
WTI weekly support zones will be 39.5$ and 37$.
WTI weekly resistance zones will be 44$ and 46.3$.
 
risky traders can take contra view and do buying in WTI
for target 44$+ with stop loss below 39.5$.

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Updated: 21/11/2015 — 9:37 PM

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Pramod Baviskar

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