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CL1! / OIL AHEAD OF DOHA MEETING SATURDAY 16th APRIL

CL1! / OIL AHEAD OF DOHA MEETING SATURDAY 16th APRIL

The Department of Energy reported that U.S. commercial crude oil0.00%% inventories increased by 6.6 million barrels from the previous week. Gasoline inventories decreased by 4.2 million barrels last week.

Technically, Crude Oil0.00%% is manages to cross it is previous resistance of 42.25 but did not manages to sustain above the level and showed short term correction.In 4 hourly chart crude oil0.00%% has formed double top pattern and having neck line at 41.20 & trading below the 21 DMA .Sustain below the level can show selling and can test the level of 40.60 & 40 with the resistance of 42.40


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