inventory data expected at 9 pm, and will be range bound till then. inventory expectation is positive 2.6 million barrel; if you wish to remain short the stop will have to be the high of the day, around rs. 2039 levels.
very strong resistance for crude is at rs. 2061 levels, and if it breaks down support is at rs. 1980 and 1960. .in any case fairly dicey till inventory comes out.
3 comments:
i short 2020
what can i do
viji,
inventory data expected at 9 pm, and will be range bound till then. inventory expectation is positive 2.6 million barrel; if you wish to remain short the stop will have to be the high of the day, around rs. 2039 levels.
akshaya
viji,
very strong resistance for crude is at rs. 2061 levels, and if it breaks down support is at rs. 1980 and 1960.
.in any case fairly dicey till inventory comes out.
akshaya
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