I feel at this point of time, Crude is being lead by the Bears and could break an important resistance zone of (100.50 - 100.40 ) & (100.15 - 100.00 ). If it does break this said zone, we would most probably see 99.00 levels and then I feel that the Bulls will take it up to 106 levels after that in the long run.
So for the short term, I will go short after the break of 100.40 with Stop Loss of 100.90 and target of 99.05..
Wish me luck guys :)
So for the short term, I will go short after the break of 100.40 with Stop Loss of 100.90 and target of 99.05..
Wish me luck guys :)