Its difficult to find a bottom in a downward trend especially in the case of crude which has been a downward coaster ride fr last 11 weeks now and thr is no sign of the pain being eased...On a weekly front crude has hit a significant support at 91.7 and is also holding on to a trend line...but if this support breaks the next psychological support is going to be 90$ and if it gets breached thing are going to bloody fr crude till 85$.
My call on crude go short below 90 fr tgt of 85 and go long above 95 fr tgt of 98 and above ....
My call on crude go short below 90 fr tgt of 85 and go long above 95 fr tgt of 98 and above ....