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AandAM CrudeOil End of week 24 JUNE 2016 PowerPoint PPT Presentation


As per indicators the trend is BEARISH, trend strength is weak with rising volatility. We expect a BEARISH trend on end of week basis. CRUDE looks BEARISH as per indicators and price action but when we consider the end of the day candles trend reversal may be on the cards. Crude cleared our safe exit level of 45.95 and made a low of 45.83.

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AandAM CrudeOil End of week 24 JUNE 2016

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Aandam crudeoil end of week 24 june 2016

CRUDE OIL

Our last week call (End of week 24 JUNE 2016)

CRUDE OIL

SELL

BELOW

OPEN

HIGH

LOW

CLOSE

TREND

BUY ABOVE STOP LOSS EARLY EXIT

SAFE EXIT

RISK EXIT

STOP LOSS EARLY EXIT

SAFE EXIT

RISK EXIT

48.57

50.51

46.71

47.60

Short

49.85

49.47

50.85

51.27

52.53

47.37

47.75

46.37

45.95

44.69

Our view on 24 JUNE 2016

Indicators for the end of week

As per indicators the trend is BEARISH, trend strength is weak with rising volatility.

Price action for the end of week

We expect a BEARISH trend on end of week basis.

Our view

CRUDE looks BEARISH as per indicators and price action but when we consider the end of the day

candles trend reversal may be on the cards.

OUR CALL HIT BULL’S EYE

Crude cleared our safe exit level of 45.95 and made a low of 45.83. The OHLC data for the week ended

01 July 2016 are as follows:

OPEN

HIGH

LOW

CLOSE

47.4

49.98

45.83

49.21

Prosperous Trading!!!

A and AM Consultants (P) Ltd.

Please visit our website www.aandam.com for further details.


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