(19 JUNE 2017)CRUDE OIL:Heading to support at 43.76

(19 JUNE 2017)CRUDE OIL:Heading to support at 43.76

19 June 2017, 14:06
Jiming Huang
0
23

oil

Heading to support at 43.76

• Crude oil is finally continuing its decline since 

the recent collapse from $52. Support is given at 

a distance 43.76 (05/05/2017 low). Expected to 

show further decline. 

• In the long-term, crude oil has recovered after 

its sharp decline last year. However, we consider 

that further weakness are very likely. Strong 

support lies at 24.82 (13/11/2002) while 

resistance can now be found at 55.24 

(03/01/2017 high).


(By Yann Quelenn)


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