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YM.Chong

Short Term Critical Levels To Be Observed Closely For Crude Oil

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Futuros de petróleo leve bruto (NYMEX:CL1!)  
YM.Chong  
NYMEX:CL1!   Futuros de petróleo leve bruto
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48.60, my short term critical level to be observed closely. I believe that crude oil price may rallies to 48.60 as the market formed a bullish butterfly pattern in short term. Once the level is broken, it may lead the price to 53.00. On the other hand, i would see the crude oil price retrace to 42.00 if the market unable to break the stated critical level.

Cheers and Happy Trading :)

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