10 May 2015

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CRUDE LONG/SHORT/INTRADAY ANALYSIS

CRUDE MADE HIGH 3989($ 62.58) LAST WEEK AND RETRACED FROM THERE AND TRADING AT 3786($ 59.41)...

CRUDE IS HAVING SUPPORT AT 3680-3700 HODING THIS SUPPORT CAN TAKE CRUDE UPTO 3990-4080-4180 BUT DAILY CLOSE BELOW THIS LEVEL CAN TAKE CRUDE DOWN TO 3300-3200 WHERE IT HAS MAJOR MAJOR SUPPORT
(PLEASE REFER BELOW CHART FOR THIS)

SO FOR NOW BUY CRUDE AT 3700-3720 PUT SL BELOW 3760 TARGET 3810-3890-3990