On last week crude oil lost almost -212 points and on previous trading session it had lost -97 rupees. Look at above chart, MACD & RSI showing down signals. Now no need to explain in-details to smart traders because resistance has been broken and at the present time I look 80% chance to hit first support (2320 level). I am recommending selling crude oil to premium subscribers & free readers.
Once black gold comes under ‘critical zone’ then we will see 2072-1922 levels again.
If you would like to buy crude oil then wait until it crossover the resistance 2545 level OR wait for it to hit support 2320 level one time. If the crude oil breaks resistance and move up then we will show 2610-2740+ levels.