(08 JANUARY 2018)CRUDE OIL (in USD):Holding above 60.

(08 JANUARY 2018)CRUDE OIL (in USD):Holding above 60.

8 January 2018, 13:32
Jiming Huang
0
19

oil

Holding above 60.

(Yann Quelenn)

• Crude oil is has broken resistance given at

59.05 (24/12/2017 high). Strong support is given

at 55.82 (07/12/2017 low). Expected to keep

increasing.

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

its sharp decline last year. However, we consider

that further weakness are very likely. For the time

being the pair lies in an upside momentum.

Strong support lies at 35.24 (05/04/2016) while

resistance can now be found at 55.24

(03/01/2017 high).


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