December 7, 2017

CRUDE Oil support and resistance levels

  • Crude oil weekly resistance line is looking good for now. Weekly close at the current levels or lower will strengthen crude bears further.
  • Bulls can see support around 54 levels and the rising support trend line shown in daily time frame. If this area does not hold a bigger breakdown is possible.
  • Hourly cloud may be kept as stop loss for short trade.

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