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deepanshu422

Crude oil Pull back possible after selloff

Long
Light Crude Oil Futures (NYMEX:CL1!)  
deepanshu422  
NYMEX:CL1!   Light Crude Oil Futures
Trend Analysis Technical Indicators Chart Patterns Crude Oil WTI Crude Oil Energy Commodities barrel
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trendanalysis indicator chartpattern usoil crudeoil energy barrel
As per Weekly Chart Crude oil took support around $50 where from where it took breakout in the month of July. If crude oil sustain above this level can bounce back up to $55.
As after sharp selloff momentum indicator like RSI also moved to over sold region.Closing below $50 can open new downside.

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