Below is the daily chart for crude:
Now 98.25-3 will act as a major hurdle. Above this expect a strong rally towards 100-102 levels.
On the downside keep an eye on 94.9 and 92.5, which are short term supports.
Chart pattern shows that ultimately crude is in uptrend till it break 92 on downside, if this level sustains then expect 102-105 sooner or later.
RANVIR SINGH
Now 98.25-3 will act as a major hurdle. Above this expect a strong rally towards 100-102 levels.
On the downside keep an eye on 94.9 and 92.5, which are short term supports.
Chart pattern shows that ultimately crude is in uptrend till it break 92 on downside, if this level sustains then expect 102-105 sooner or later.
RANVIR SINGH
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