CRUDE OIL Trend line break
- Crude oil has broken its support line
- Price is also coming down from 200 SMA which makes it even more difficult to for bulls, Any bounce from here will be a dead cat bounce. It will take a strong bulls to break above the 200 period moving average in the short term.
- Now there is minor support near 82 levels. Then it will be the test of 79.38, If that level does not hold price may move towards 75.67.
- Price If gets support near 79.38 levels we may see a bounce towards the broken trend line.
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