CRUDE OIL : Corrective sequence

TradingSutra Updated   
TVC:USOIL   CFDs on WTI Crude Oil
After a lot of choppy sessions & an upside move , crude struggled the level of 64.5 $ & bears took control over there. As per the current structure we can anticipate a zig-zag correction having wave B completed at the level of 64.4 $ . We expect a downside movement to break the level of 57$ at least. The key level should be watched 64.5 as the SL,
Trade closed: stop reached

Manish Bhardwaj (CMT L-1)
Analyst & Co-Founder





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