HAL following lead from Oil future
Have been monitoring Halliburton recently, as the crude oil futures are in the up trend. Commodity up swing is likely still intact. It is now moving in tandem with S&P, at least direction wise.
Last Friday (4 June), the price tries to break out from the range. Notice the resistance in early March at $24.70 level. The big spread bar on 2 June with higher than usual volume seems to suggest commitment to the up side. Therefore, if subsequently price able to stay above $24.70, likely to reach target at $32.
Nearest support will place around $22.
Last Friday (4 June), the price tries to break out from the range. Notice the resistance in early March at $24.70 level. The big spread bar on 2 June with higher than usual volume seems to suggest commitment to the up side. Therefore, if subsequently price able to stay above $24.70, likely to reach target at $32.
Nearest support will place around $22.
כתב ויתור
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