Crude Oil Report

Crude Oil Report - Mar'18

Mar, 28, 2018 By Saandhy Ganeriwala 0 comments

26-Mar-18: Brent 70.36; WTI 65.64

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).

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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