Crude here are the two most important long term areas to look into.
1. Upside- 32.50-33 regions - Until we clear that areas, we are a sell on rise markets.
2. Downside 18 regions is a long term swing consolidation dating back to 2000s
In case we get below that we are looking at new territory , so far the potential idea for play would be to test bounce of that areas or a failed breakdown and a pullback from here.
1. Upside- 32.50-33 regions - Until we clear that areas, we are a sell on rise markets.
2. Downside 18 regions is a long term swing consolidation dating back to 2000s
In case we get below that we are looking at new territory , so far the potential idea for play would be to test bounce of that areas or a failed breakdown and a pullback from here.