Crude oil after a three consecutive days of drop because of Ukraine
crisis have once again taken supports at 6160 levels based on the news
that NATO is sending warship , prices are holding positive based on
international war crisis , traders should trade cautiously because prices
is so volatile and reacting very fast based on the international news.
Weekly call :
Wait for fresh entries or
buy crude oil only above 6350
and add one more on dips at 6310
with stops below 6270
for targets 6430 and 6450.