crude oil

On April 12 the market closed at 51.86. It hit the low and the high at 51.70 and 53.65 respectively. The following statement is still valid :-

A projected resistant level is positioning at 54.64 - 54.80. The odds are high that the market will resume its downward trending movement and test the supporting strngth of 51.01 - 51.76. If 51 fails to hold the next targeting level is 47.48 - 48.19.