WTI crude oil weekly predictions for 2 to 6 nov 2015

WTI crude oil this week closed at 46.35 with gain.
 
On weekly chart price trend is down.
with strong recovery patterns.
weekly RSI is around 43 with buy signal.
 
crude oil weekly support zones will be 43.5 and 42.
crude oil weekly resistance zones will be 49.55 and 52.5.
 
For this week , nymex crude oil trading call is
stay short with trailing stop loss for target 49.55.

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Pramod Baviskar

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