Monday, June 16, 2008

Crude Oil for June 16-20 - Rakesh Chandra

Currently, crude oil is in consolidation. Upside and downside cannot be ignored. All pivot and levels for this week only:

Upwave (4-5) UT3 : 142;
Upwave (2-3) UT2 : 140;
Upwave (0-1) UT1: 137.

Price is bullish above 135.22) and bearish below 134.13.

Down wave (0-1) LT1: 132;
Down wave (2-3) LT2: 130;
Down wave (4-5) LT3: 128.

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