EPICRESEARCH COMMODITY UPDATE: CRUDEOIL
Posted: Thu Dec 13, 2012 3:33 am
Prices held Fibonacci support at 4652, which seems invincible so far. The ensuing buying momentum is likely to extend towards 4705 region for a turn lower. Above this region with stiff volumes could see target price objective of 4725-45/4770. On the flipside, splinter past 4652 region could open gate for bears to stamp authority to 4625/4580 levels.