NaveenGr

CRUDE OIL at important juncture - 87, watch for Oil companies

MOEX:BR1!   Brent Oil Futures
Crude oil is at an important juncture.

1. Around 87 which is an important resistance.
2. Should move down quickly to 46 levels.
3. If we have slower fall that will mean re attempt of 87 and possible long. Exit shorts.

Possible trades should be taken in daily time frame-

1. SHORT - as swing high break fails in daily.

2. BUY - when it sustains above 87 for 115.

Will share setups chart in daily time frame under my ideas section.