Technical analysis for crude oil – May 17, 2013

The WTI crude market passed by a positive session on Thursday, after Oil had initially dropped to below $ 94.00 handle. but the hammer, which was formed on Wednesday indicate certainly to the that he was There is support at the bottom, has been have already seen the so the order is during the the session. The fact that there is a lot of resistance at the top now is a big problem. In other words, I prefer only short-term trading.

 

Tags: