Technical analysis for crude oil – 09 April 2013

Technical analysis for crude oil -14 June 2013

Over the WTI crude oil market a positive session on Monday, where he confirmed that the $ 93.00 level will actually provide support. When you look at this chart, you can see that this region has been supportive in the past, and therefore, it makes sense to be supportive now. In this case, the hammer of the session on Friday, the first clue to us that we could see some bounce and I think we will eventually try to get to the $ 98.00 level in the short term.

In fact, I will look for scale in this market, the crude market, in order to trade in it. We started the spring in the northern hemisphere, and therefore we approach the summer. During the warmer months of the year, the crude market tends to be limited in scope, and I think we’re trying to reach that range now.

i think the market will watch an average of $93,00 and $98,00