crude oil : current comments

Melbourne Qindex 08:18 GMT October 31, 2006
Crude Oil (December) : The current expected lower trading range is 56.46 - 57.29 - 58.13 and the upper trading range is 59.80 - 60.63 - 61.46. (The neutral zone is 58.13 - 58.96 - 59.80 and it is the most likely trading range). The daily directional indicator is 58.96 - (60.66) - 61.01*. The market is under pressure when it is trading below 58.96. The market may hit "55.85" if the downward trending momentum is strong enough to penetrate through 56.46*. The distribution profile of super magnets are as follow : - (53.96) - "55.85" - 56.46* - (57.31) - 58.51 - 58.73* - "58.96" - 60.32 - (60.66) - 61.01* - 62.13 - 63.28* - 63.94 - (64.01) - 65.55* - 65.75 - (67.36). A projected supporting barrier is located at 55.47. A projected barrier is located at 61.99 and a resistant level is expected at 62.42 - 62.48.