Crude oil signal

A good day for our crude oil signals subscribers . We asked them to sell this black gold . It crashed and we enjoyed our profits of approx 60 pips in this trade . Here is what we wrote to our subscribers today .

Sell crude oil at 53.10$ with stoploss of 53.70$ for target of 52.50$ .

It crashed and our target achieved .

Currently its trading at 52.60$ . A good support on daily chart stands at 52.20$ . If traders breaks this major base level and manage to sustain trade beneath our support today , Then expect more power to sellers upto 51.50$ – 51$ today .

Resistance on chart stands at 53.30$. Once traders break and sustain above 53.60$. Then expect crude oil price to fire upto 53.90$- 54.50$

Currently trend is in weak zone. Avoid major buying for now.

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By marafat