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NYMEX crude oil technical analysis updated for 31st August 2015, Monday.


NYMEX CRUDE OIL


NYMEX crude oil is on bull run and has formed bullish candle pattern from last 2 days. Chart indicates further price rise can be seen in coming days.
If it moves up further then will find next strong resistance around 46.80 as shown in above technical image.

3 comments:

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  2. Oil prices fell in Asian trade on Monday, wiping out some of the gains of the previous session amid worries lower growth targets in China could cut oil demand and ongoing concern over Russia's compliance with a global deal to cut oil output. capitalstars

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  3. Oil prices fell in Asian trade on Monday, wiping out some of the gains of the previous session amid worries lower growth targets in China could cut oil demand and ongoing concern over Russia's compliance with a global deal to cut oil output. capitalstars

    ReplyDelete

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