Enery Market

Published 06/23/2008, 08:00 PM

The sideways wave that started on 06-06-2008 is still dominating crude's trading; expectations are still to the upside targeting 140 and 143 respectively as long as trading remains above 131.50 while the strong upside wave confirmation will be if prices consolidate trading above 137.80. 

The trading range for today is expected among the key resistance level at 140.20 and the key support level at 131.75.

The general trend is to the upside as long as 98.65 remains intact, targets now are at 140.00 and 147.80.

Support136.40135.36133.95131.75131.34
Resistance137.80138.00140.20140.84142.20
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