- Immediate resistance level for crude oil is the 50% Retrace level for the current fall. Price is not able to break above this level.
- Major hurdle for the bulls of crude oil will be 89.60 level which was the previous support. Now that it has been broken this may act as resistance.
- If price manages to break both of them then it will be safe to stay long.
- GOOG FALLS BELOW 50 DMA
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