Short time view on crudeoil.

3월 5일

On the weekly chart we can see a head and shoulder forming in crudeoil. Will it go below 6000, I am not sure. But for the time being technically there is a visible top at 6694 and one can bet on the short side with the top as stop loss. If the stop loss is hit take it easy and one can go short around 6750 with tight stop loss. 6400 PE with 15 March expiry can see some action. That's all for now folks.