WTI Crude oil update
Nymex Crude oil cracking pretty hard on Iran nuclear talks and now trading at 52.50$ , a good support in crude oil at 49.80$ if oil smash this and close below this support then expect 48$ – 46.20$
If oil click hurdle of 55$ and close above this major resistance then expect some recovery in oil prices upto 57$ – 59$
Mcx crude oil update
Mcx crude oil future trading at 3330 , if oil click our support of 2980 and sustain below our major support then expect a major crack upto 2700 – 2500
If mcx crude oil click our resistance of 3600 and sustain above our technical resistance then expect oil to fire upto 3880 – 4100 in short term
Crude oil update conclusion : Crude oil trend is weak for now so do not buy if you planning a short term trade
More will update to our subscribers