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    Technical Outlook 03 October-2015: Wti Crude Oil Daily Chart

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    ronak2484bhavsar
    The document provides a technical outlook for WTI crude oil from October 3, 2015. It notes that WTI crude oil has been consolidating in the range of $43-48 per barrel for the past month, closing down 7% in September at $45.60 per barrel. It predicts that the current narrow range may form a triangle pattern, which would provide entry, stop loss, and target levels. Specifically, it recommends buying near $44.50 or above $47.0, with a stop loss below $41.50 and targets of $50.0 and $53.50 per barrel.

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    Technical Outlook 03 October-2015: Wti Crude Oil Daily Chart

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    ronak2484bhavsar
    23 views1 page
    The document provides a technical outlook for WTI crude oil from October 3, 2015. It notes that WTI crude oil has been consolidating in the range of $43-48 per barrel for the past month, closing down 7% in September at $45.60 per barrel. It predicts that the current narrow range may form a triangle pattern, which would provide entry, stop loss, and target levels. Specifically, it recommends buying near $44.50 or above $47.0, with a stop loss below $41.50 and targets of $50.0 and $53.50 per barrel.

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    WTI CRUDE OIL

    Original Title

    Technical Outlook 03 October-2015

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    The document provides a technical outlook for WTI crude oil from October 3, 2015. It notes that WTI crude oil has been consolidating in the range of $43-48 per barrel for the past month, closing down 7% in September at $45.60 per barrel. It predicts that the current narrow range may form a triangle pattern, which would provide entry, stop loss, and target levels. Specifically, it recommends buying near $44.50 or above $47.0, with a stop loss below $41.50 and targets of $50.0 and $53.50 per barrel.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    23 views1 page

    Technical Outlook 03 October-2015: Wti Crude Oil Daily Chart

    Uploaded by

    ronak2484bhavsar
    The document provides a technical outlook for WTI crude oil from October 3, 2015. It notes that WTI crude oil has been consolidating in the range of $43-48 per barrel for the past month, closing down 7% in September at $45.60 per barrel. It predicts that the current narrow range may form a triangle pattern, which would provide entry, stop loss, and target levels. Specifically, it recommends buying near $44.50 or above $47.0, with a stop loss below $41.50 and targets of $50.0 and $53.50 per barrel.

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    of 1

    VADILAL FOREX AND CONSULTANCY SERVICES LTD.

    vadilalmarkets.com
    TECHNICAL OUTLOOK 03 OCTOBER-2015
    WTI CRUDE OIL DAILY CHART

    CHART/DATA SOURCE netdania

    From above Chart, we can see that WTI Crude Oil is trying to be consolidate in range of $43$48 for last one month and closed around 7% down at $45.60 in September. We assume that current
    narrow range may more synchronize and likely to form a triangle pattern. The Triangles pattern is a
    common pattern that provides entry, stop loss and target levels. For trading purpose, one can buy near
    the price of $44.50 or above $47.0 level, place a stop loss order below $41.50 and target will be $50.0
    & $53.50 level.
    SUPPORT

    RESISTANCE

    $44.0

    $47.0

    $42.0

    $50.0

    Disclaimer: This is for reference and private circulation only and is subject to the express understanding that it is on no account to be communicated to a third
    party. Though publication is ensured with market information, this should not be considered as contractual counsel and Vadilal will not be responsible for any
    action taken by the reader of this report.

    VADILAL HOUSE, NR.NAVARANGPURA RAILWAY C, NAVARANGPURA, AHMEDABAD-380 009


    PHONE NO.: 079-26400569 /079- 30153388 (TELE FAX): 079-26564019 TO 24
    E-MAIL: metal@vadilalmarkets.com

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