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Thursday 22 September 2016

Crude oil rises as crude inventories drop : 22 Sept 2016

Crude oil Chart

Crude oil futures closed higher in the domestic market on Wednesday after U.S. government data revealed a drop in crude inventories, marking the third such unexpected weekly decline in a row.

Expectations swaying back toward the likelihood of an output deal among major oil producers next week also delivered a shot in the arm for the Fed.

Today crude open with a gap up and it has to buy signal continue on our chart. You can observe for next target  on given chart.


Parag Patil is a technical analyst and trading system designer with stock excel programmer. I hope the articles and live chart of nse future and mcx on this Website will be as helpful and profitable to you . I try to update and post new articles tips everyday. My motto is to encourage the traders, so that they should able to understand the technique views behind the moment of stocks. I have deeply analyzed with many technical indicator with parameter and added to my amibroker afl. And even taken backtest report which is never being implemented. Any of the analyst expect me. Seeing all this you may understand that my views is more technical than commercial. If you are profited by my views I fill happy.

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