Monday, July 7, 2008

Crude Shows Rising Wedge - Inder Bhatia

It's a matter of time before crude crashes. It is making a divergence on the chart and a rising wedge, which is a bearish pattern. In another 15-20 days, crude could touch $148-150, and there it could fall hard to $135-131. Closing below $126 - gone!

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.

Wednesday, June 11, 2008

Crude Oil for June 09-13 - Rakesh Chandra

Pivot, lower target and upper target are valid for current week only.

Upwave(4-5) WUT3: 154
Upwave(2-3) WUT2: 150
Upwave(0-1) WUT1: 143

Price is bullish above weekly pivot point 139.10;
Price is bearish below weekly pivot point 136.55.

Weekly down target:
Down Wave(0-1) WLT1: 132;
Down Wave(2-3) WLT2: 126;
Down Wave(4-5) WLT3: 122.

KM

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