Thursday 21 July 2016

21/7/2016 intraday levels crude

crude oil hourly chart



crude oil daily chart 


Day strategy 
As mentioned in hourly chart, above 3115 price can go toward big resistance 3146. Below 3100 price can easily go towards 3020 levels as support is placed @ 2995 around. Keep in mind that crude is in medium term downtrend and anytime it can breach 2995 level. But to earn some mtm, we can use levels as it is range bound now.