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Thursday, July 16, 2015

Crude Oil Update (2) 16 July 2015



Crude Oil



Not able to breach its resistance level of 3430 and crashed vertically again to 3267 mark

Now what next???

Support at 3230 and Resistance at 3360---3430


Two consecutive closes + weekly close below 3230 will see free fall in Crude oil till 3050---2900 mark in days to come


Any sharp rise will be selling opportunity... Stop loss 3430

More will be updated soon. Till then trade safely.