shailesh_kp
Long

Oil short before going long

NYMEX:CL2!   LIGHT CRUDE OIL FUTURES
16 0 2
Oil             will be in range between 40$ to 45$ for some period before and then can go long till 60$. Bearish force is yet there since it touched the mark of 50$ per barrel. There is no such major fundamental support rather than the long going supply concern for it to break the level of 40$ per barrel.
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