Crude oil is tumbling and in a strong down trend now-a-days. Crude oil continues its fall in today's session as well. Crude oil continues to fall today. Crude oil at the start in today's decline of 1 per cent. MCX with a sharp fall in crude oil is trading at Rs 3865. On Thursday a sharp fall in crude oil and gold have been recorded.
CRUDE OIL TREND TODAY :-
Crude oil trend today is considered to be CONSOLIDATE
Crude oil support and resistance are as follows :-
Support 1 :- 3820
Support 2 :- 3710
Resistance 1 :- 4060
STRATEGY TO PLAY WITH CRUDE OIL :-
Crude oil trend is down and bearish, traders and investors are advised to play with strict stop loss in each trade to avoid loss. we recommend BUY ON DIPS strategy for crude oil.
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