Crude oil battle trade:- Crude oil made it todays low and also it breaks previous day low @70.042$ and now it reversed from today low and previous day low above now trading . Crude oil have more potential for upside move for 71.200$ and 71.500$ for a day .
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Crudebuy
Will CHINA'S Demand Cut Push Crude Further Down?Crude Looks Bearish
50.55 Level will be an important level for Crude Since it is 78.6% retracenent
from 5th February low till 20th February High
Once It breaks Further downside Can be seen
42.50 Is previous Swing Low which can act as a support
40.00 can act as a round figure psychological Support Completing the ABCD formation on the bearish Side
Do your Own analysis before trading or investment
Thanks :)