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AandAM CrudeOil End of week 24 JUNE 2016

As per indicators the trend is BEARISH, trend strength is weak with rising volatility. We expect a BEARISH trend on end of week basis. CRUDE looks BEARISH as per indicators and price action but when we consider the end of the day candles trend reversal may be on the cards. Crude cleared our safe exit level of 45.95 and made a low of 45.83.<br>

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AandAM CrudeOil End of week 24 JUNE 2016

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  1. CRUDE OIL Our last week call (End of week 24 JUNE 2016) CRUDE OIL SELL BELOW OPEN HIGH LOW CLOSE TREND BUY ABOVE STOP LOSS EARLY EXIT SAFE EXIT RISK EXIT STOP LOSS EARLY EXIT SAFE EXIT RISK EXIT 48.57 50.51 46.71 47.60 Short 49.85 49.47 50.85 51.27 52.53 47.37 47.75 46.37 45.95 44.69 Our view on 24 JUNE 2016 Indicators for the end of week As per indicators the trend is BEARISH, trend strength is weak with rising volatility. Price action for the end of week We expect a BEARISH trend on end of week basis. Our view CRUDE looks BEARISH as per indicators and price action but when we consider the end of the day candles trend reversal may be on the cards. OUR CALL HIT BULL’S EYE Crude cleared our safe exit level of 45.95 and made a low of 45.83. The OHLC data for the week ended 01 July 2016 are as follows: OPEN HIGH LOW CLOSE 47.4 49.98 45.83 49.21 Prosperous Trading!!! A and AM Consultants (P) Ltd. Please visit our website www.aandam.com for further details.

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