I honestly don’t know where the markets are heading next. I cannot predict where and when the top and bottom shall take place. But I learnt it hard way, what I should do "stay" or "quit" when price is traveling beyond my reference levels.

Tuesday, June 21, 2011

Crude - on the fence or breaking up ?

Crude oil has broken the important support of $93 and made low of $91.50.. currently it is trading above $93 and it has given a mild break-out today..

Below chart shows the importance of the $93 level..



Below is the close-up chart of the current trading level of above $93




If it closes above $93 today, it will remain in short-term uptrend!!

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