4 January 2018

CRUDE OIL OUTLOOK FOR 04-05 JAN 2018

BUY CRUDE OIL ABOVE 3925 TGT 3950/3975 SL 3890 

CRUDE OIL: Crude Oil price has given a breakdown of its rising trend line at 3910 levels. The crude oil trading range for the day is 3850-3980. Technically crude oil is getting support at 3910 and below same could see a test of 3850 level, And resistance is now likely to be seen at 3950, a move above could see prices testing 3980. Crude oil is trading into a positive zone and traders can go long at every dip or hold long positions until crude oil closes below 3910  levels.
           
R2
R1
S1
S2
TREND
CRUDEOIL
3980
3950
3910
3850
SIDEWAYS

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