crude prices edged higher yesterday in anticipation of the Federal Reserve monetary policy announcement due on Wednesday, with hopes running high that Ben Bernanke and company will offer another round of stimulus to bolster the shaky economic recovery A longer term look at crude reveals a clear bear trend as long as price is below 9049. A break below 7570 would shift focus to the May 2010 low at 6717, Fibonacci extension at 5976 and channel support.


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