All non-OPEC producers were called upon to help stabilize the market b'cos their role was as critical as the role of OPEC members- and as we all know Oil demand is expanding at enormous healthy rate despite the slower global growth. - Eyeing = 56.1 very soon (within 2weeks) One of the famous oil investors suggest that freezing production or in other words...
I will buy crude oil at 45 to 46. T.P : 51.25 STOP: 44
oil holding Strong support around 46-46.5 level. Advice to buy oil in range 46.3-47 sl around 45.5 TP 48.5
Strong support seems around 43.1-42.6 level Buy oil cmp 43.5 next pending set at 42.8 both sl 42.2 TP 45
Buy oil cmp 45.05 Next buy limit 44.3 SL 43.5 TP 47
I have my fib drawn different today and also I have been analyzing a bit more before I post here. $44.61 is a very strong support and a possible good entry wait for the confirmation, $44.22 is also a good buy with heavy support at that level as well. NYC open my show the direction of the Market after gap is closed. This also may be a good short term short.