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Friday, October 9, 2015

Update on Crude Oil 09 Oct 2015





Crude oil 



Clearly indicated to buy Crude oil in panic and too we revised stop loss of 3050. Today made a fresh high of 3286


 






Now what to expect???


Crude Oil has support at 3180---3120 and resistance at 3290---3330


It could test its resistance level of 3290---3330 mark. Three consecutive closes + weekly close above 3330 will see further upside rally till 3450---3530+ mark in days to come else it could test its support level of 3180---3120 again


Further panic seen only close below 3050 mark


Trade with levels only. More will be update soon!!