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 ....