Daily Analysis oil - Friday, 03.27.2015
For oil, the euro has seen rising price of Brent crude around six percent on Thursday after Saudi Arabia and its allies began military operations in Yemen, despite the fact that Asian importers said they were not worried about the occurrence of supply disruption, could trigger an attack on Shi'ite Iranian-backed Yemen's concerns about security Oil shipments from the Middle East, oil prices jumped as traders believe that the attacks are the latest development in the conflict get out of control in the richest oil region in the world
Technically crude oil trading component of the banner of a continuing model at the level of frame time and is accessed based on this model by penetrating the triangle flag to the top of target levels of 52 and then to $ 52.90, while the alternative scenario in the case of trend breaking rookie this triangle crude remains for further correction to the bottom up to $ 50.20 levels, we recall that crude may go up and has been able to break through the resistance of the average simple movement 30 levels at $ 48.95, in addition to the trend upper bullish channel, and is now approaching crude at $ 53.10, which is possible is possible to put an end to all this climb, so we will be watching those levels of trading them in case the reflectivity signal appeared strong
