Technical Analysis for Crude Oil 25-6-2015

Technical Analysis for Crude Oil 25-6-2015

Oil moved yesterday in the average movement of 176 cents, its highest level at 61.55 and the lowest price at 59.79 and closed at 60.24 to Lose 90 cents during yesterday’s trading.

Oil opened today's trading Volatile between 60.08 and 60.35 in trading range 27 pips during the Asian session trading.

Oil moves in a series of up Impulse waves after breaking the continually price form.

We saw yesterday the oil achieves our target at 61.50

It is expected that the oil is heading targeting 61.50 again as the target on time frame of four hours and till now we see the Bulls control on market direction

And the Relative Strength Indicator "RSI" show us accumulation operations at the market

Today we could see sharp trading because of the economic data from USA

Support levels: 59.50 and 58.76 and 57.74

Resistance levels: 61.26 and 62.28 and 63.02

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