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Crude Oil analysis : Another selling opportunity with overall downtrend

On dec-29 trade update, we talked about selling crudeoil around 2540 level for a target of 2300-2240 layer & we see price hitting our target successfully after a heavy sell-off from 2540 layer of resistance.Now 2280 layer of support has become a flip resistance area from where we're expecting the price to sell-off again to continue with overall downtrend & 2160 is seen as it's 1st layer of support as target.We may see more sell-off once price strat trading below 2160 level of short term support.


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PLS NOTE : All chart analysis posted above are the author’s own idea of trading for educational purpose only &  not any form of advice or recommendations or opinion to anyone.

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