19 January 2016

MARKET OUTLOOK OF COMMODITY 19 JAN 2016

“SILVER ALMOST HIT FINAL TGT MADE HIGH OF 34489”
BUY CRUDEOIL ABOVE 2000 TG 2025,2050 SL 1070

CRUDE: Oil under $30? Some are getting closer to $10
Light Sweet Crude The light sweet crude market went back and forth during the course of the day on Monday, as the $30 level of course is a level in the market that cause quite a bit of interest. After all, it is a large, round, psychologically significant number
Technical Outlook: Crude oil prices are higher but only after falling to fresh 12-year lows at 28.60, in the wake of news that Iran will bring another 500K barrels of oil on to the market. On Friday, Baker Hughes reported that U.S. oil rigs only reduce their rig count by 1.
CRUDE VIEW :We expect crude prices to trade positive on the back of inventory release.
 S2 S1 : 1960 1900
R1 R2 :  2050 2088



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