Mantraa Commodity FollowMantra commodity is an analyst group involved in technical analysis of all major commodities gold, silver, crude, copper, natural gas etc.
Mantra commodity serving to clients from last 7 years & made a strong bond of trust with our dedication towards work.Our main functioning area is .Technical analysis on all major commodities available HERE. Or you can write us on [email protected]
HaPpY TrAdInG.
Crude (12.9.2014) fall sharply in last few weeks & reach to the $90 psychological level.
Now crude is trading around $92.40 & the bounce $90 mark is well supported by many factors like 261.8% February retracement. , a lower trendline of descending channel as well as a very strong positive divergence. All this together providing a buying opportunity at current level.
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On fundamental side , continue demand for sanction on russia putting a dent on crude production future.
Based on above studies , crude possibly move towards $94.80 & then $96.50. a day close below $89.50 will delay the forecast.
Note – Above technical analysis is not a buy/sell recommendation.
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Mantraa Commodity FollowMantra commodity is an analyst group involved in technical analysis of all major commodities gold, silver, crude, copper, natural gas etc.
Mantra commodity serving to clients from last 7 years & made a strong bond of trust with our dedication towards work.Our main functioning area is .Technical analysis on all major commodities available HERE. Or you can write us on [email protected]
HaPpY TrAdInG.
