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Weekly CPO Forecast – 4 Feb – 7 Feb

 
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hc
Senior Member


Joined: 24 Oct 2007
Posts: 364
Location: KL, M'sia
PostPosted: Sun Feb 02, 2014 8:25 pm    Post subject: Weekly CPO Forecast – 4 Feb – 7 Feb Reply with quote
Dear Traders & Investors,

Good day everyone !

WTI Crude prices failed to stand above the EMA200 line at 97.80 on day-chart. The market is highly prone to fall in coming week as we believe selling pressure will build up at 98.00 areas. Technically, the market might drive down to test 95.50 levels if the bear begins its drilling action. Lookout for the dollar resilient strength that could bludgeon the Crude prices to beneath 95.00 benchmarks if inventories pile up higher.

Have a great weekend ! Laughing Laughing
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HC
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