Nymex Light Crude is headed for a test of major support at the 2011 low of $75/barrel after breaking support at $92/barrel. 13-Week Twiggs Momentum (below zero) already signals a down-trend. Brent Crude has also broken primary support, but is maintaining a premium of $5 to $10 per barrel.
* Target calculation: 92 – ( 110 – 92 ) = 74
dear sir
kindly suggset your opinion about our INDIA’S NSE NIFTY index regularly.
THANKS IN ADVANCE.