Crude Oil Report - Mar'18

Crude Oil Report - Mar'18

Mar, 28, 2018     By Saandhy Ganeriwala    0 comments



Brent Crude Weekly Candles Mar18
26-Mar-18: Brent 70.36; WTI 65.64

 

Brent Crude Weekly Candles Mar18

  • Brent and WTI could dip to 67 and 62 while below previous highs at 71.28 and 66.56 Below that, even 62.5 (B) and 57 (W) could come into play.
  • However, if Crude rises past its previous highs, stronger resistances near 73 (B) and 68-69 (W) could be tested in Apr ’18, after which it could slowly move upwards towards 75-78 (B) and 70-72 (W) by Sep ’18. The target for Dec ’18 is revised upwards to 79 from 77 (B) and to 71.50 from 70.50 (W).

 

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Saandhy Ganeriwala

Saandhy is a postgraduate in Economics, but like all good market-men, he seeks confirmation from technical analysis charts for his macroeconomic ideas. His research is a good mix of charts, stats and econ. Apart from that, he calls himself a news junkie and an occasional writer.




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