Energy Market Data and Market Trading Tips from Technical Analysts

CrudeCrude oil: The counter is looking positive above the 3500 levels, above the support line. The prices also maintained above the Middle line of the Bollinger band. Thus prices can move up towards 3650, with immediate support of 7 DMA at 3550. The RSI is in the positive territory while +DI is on the upside at ADX, thus prices looks positive above 3500. The trendline support is at 3450-60 levels, thus one can even by at dips above these levels.