Crude View for next wek.. Might see some good downside

Crude Has been trading in a sideways zone from past some time but if we look at the bigger picture crude is facing resistance in its major resistance zone. Moving averages are now flat indicating the price is flat and upside momentum is lost. price is taking support from the trendline. If the trendlibe break there might be a posibilty that price might test its previous support. On the other side if crude its resistance we might see upside till 3500-3600

Kommentar:

huge pull down came after a long consolidation in the trading zone we discussed this pull down may stretch to 2600 zones