Lets talk crude

[Mareeche]

Its likely now that soon the journey towards 70's should begin after its correction and consolidation. Similar thing with gold which I expect to move up.

 

[Mareeche]

More weakness is expected. It may try for a support at 63.8 and if that is broken next stop could be 62.5.

 

[amarnath]

crudeoil - 070905

 

[Mareeche]

As expected Crude touched the low of 63.8 and closed higher at 64.50.

 

[Mareeche]

As expected Crude touched the low of 63.8 and closed higher at 64.50.

After an initital sell of to a low of 63.1, crude closed at a comfortable level of 64.65.

 

[maniwal]

Wait and see next target for crude max $$70 in a week and u will see a low of $$60 in oct and nov 2005.

Just watch...

On gold predictions.... touching high of $480 + in one week and going down...


Manish.

 

[Mareeche]

Crude may go down some more before goingup..I feel it should atleast touch 62 which I remember mentioning earlier.

 

[comerciante_inde]

Hi Mareeche

What is your basis for crude to be at $70. Could you please elaborate on the timelines for it to touch 60 - 62 and then/before 70.

Good Luck

 

[niajtima]

Can any one enlightened please advise the view on crude now given that it has breached the crtical support levels.

 

[Mareeche]

Crude may go down some more before goingup..I feel it should atleast touch 62 which I remember mentioning earlier.

Well Well..It did go below 62..Now what..lets wait and see. Meanwhile one can look at Gold and Silver for tradees.