8 March 2016

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VERY IMPORTANT

CRUDE 
SHORT TERM ANALYSIS

CRUDE IS TRADING AT 2533 HIGH MADE YESTERDAY AT 2548 

NOW AS I MENTIONED IN MY EARLIER POST THAT ABOVE 2390 CRUDE CAN GO UPTO 2560-2600 (WHICH IS INTERMEDIATE RESISTANCE OF THIS STRONG UPTREND) AND SOME DOWNMOVE EXPECTED TILL 2350-2390.

I ADVISE TO HOLD SHORTS OR KEEP IT WITH SL AT 2630 FOR MINIMUM TARGETS OF 2390-2350 ON DOWNSIDE.

PLEASE REFER CHART BELOW TO SEE OVERBOUGHT LEVEL IN CRUDE.