Tue. Jul 16th, 2024

    Crude looks exhausted and can have some relief of getting Cool off


    This 5700 can serve as a strong resistance for this and can expect some downmove towards 4700 odd levels

    RSI is also showing negative divergence which is giving boost to down move for this.

    Keep an eye on this 5700 levels as this level is giving a strong fight for buyers and demand gets dried up at this level

    Fresh long is advisable only above 5700 or wait for the confirmation for it

    Downside looks eminent till 4700-4500 levels for coming days

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