Study on Crude - Jan'18

Jan, 20, 2018     By Vikram Murarka    0 comments


Brent Crude Quarterly Projections till Dec18
20-Jan-18: Brent 68.61
Study on crude Jan18

 

Crude Oil looks set for a phase of correction after the recent rally, post which there will be medium term bullishness. Our prediction for a corrective phase is supported by short-term technical charts where resistances for both Brent and WTI have been tested recently, and also by WTI derivatives’ positioning reflecting overbought conditions.

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Vikram Murarka

Chief Currency Strategist at KSHITIJ.COM. Likes to look at the markets from many different angles. Weaves many conventional and unconventional technical analysis techniques and fundamental analysis into a global macro perspective. Likes to take the road less traveled.



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