Crude oil support taken with Morning Star, possible for next resistance zone #91-92.
Crude previously rejected by strong resistance and came near support and consolidation area and trying to reverse up near 82$
~one more positive news for stock market is crud oil is on major support.
~If It may break the major support , It will give positive impact on Indian stock market...
Possible retracement to 68.250 based on fib retracement and trendline
1:3 all most risk to reward ratio
best to short it now
Based on rsi tdi trendlines we seen low on oils just a small buy on oil now
Trendline Broken at 64.5 and we can see bearish movement till 63.
on Monday we can expect Market to retrace till 63.6 to 63.8 levels based on trendline and then we can expect downward movement only if Trendline is not broken.
#CRUDE OIL make a short position with a bear flag.
Price may test such level before falling further or if it is breached than u may go long... but as per news in market it is more likely to fall further
crude selling presser during resistance line few retrace ,
very well label after closing conformance enter trade .
Downside correction about to End, wait for confirmation.