Crude Oil Still Downtrend as long as below 70.50 Price Zone.
Crude Oil stuck in a downside trend. as long as below 70.50/71 price zone gold will carry its downtrend.
Crude oil sell area 69.50 p[rice zone. we should stop loss above 75.50/71.00 price zone. so, if we sell near 69.50 I mean the present price zone. we will put our stop loss at the 71.0 price zone. first target 67.00, 2nd target 65.00 price zone, if the market can break below 67.00 price zone. final target, 61.00 price zone.
On the other hand, if crude oil price breaks above 71.00 price zone, we should go for a long term buy. The first upside target is 75.00 and the final upside target is the 77.00 price zone.
Crude oil sell area 69.50 p[rice zone. we should stop loss above 75.50/71.00 price zone. so, if we sell near 69.50 I mean the present price zone. we will put our stop loss at the 71.0 price zone. first target 67.00, 2nd target 65.00 price zone, if the market can break below 67.00 price zone. final target, 61.00 price zone.
On the other hand, if crude oil price breaks above 71.00 price zone, we should go for a long term buy. The first upside target is 75.00 and the final upside target is the 77.00 price zone.
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