SUNDAY
Crude Oil for the whole week was trading near its resistance level
but could not able to close above the resistance of say 6300,
if at all prices open above 6300 levels then there is an opportunity
for the commodity to give a short term rally else prices may drop back
to 6200 levels, fundamentals for the commodity is still bullish
but technical shows only a close above 6300 will give a positive outlook.
Sell Crude Oil between 6280-6295 levels
with stops above 6330
for targets 6230 and 6200 levels.
Crude Oil for the whole week was trading near its resistance level
but could not able to close above the resistance of say 6300,
if at all prices open above 6300 levels then there is an opportunity
for the commodity to give a short term rally else prices may drop back
to 6200 levels, fundamentals for the commodity is still bullish
but technical shows only a close above 6300 will give a positive outlook.
Weekly Call :
Sell Crude Oil between 6280-6295 levels
with stops above 6330
for targets 6230 and 6200 levels.
