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CRUDEOIL: Crude Oil price has given a breakdown of its rising trend line at 4000 levels and CRUDEOIL trading range for the day is 4050-3930. crudeoil is getting support at 3975 and below same could see a test of 3940 level, And resistance is now likely to be seen at 4010, a move above could see prices testing 4050. crudeoil is trading into positive zone and traders can hold long positions until it closes below 3975 levels. Traders can initiate long positions on every dips until crudeoil closes below 3975 levels.
R2
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R1
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S1
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S2
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TREND
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CRUDEOIL
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4050
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4010
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3975
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3940
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SIDEWAYS
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