Rupesh
Long

BUY OIL @ LEVEL OF 1.61% OF RECENT DOWN SLIDE STOP LOSS 29.50 CB

FX:USOIL   Crude Oil (WTI)
91 0 2
CRUDE OIL             OVERVIEW>>>>>>>>>>>>>>>>>>>>>>>>
The neutral situation we recommended this week due to the inappropriate risk versus reward ratio remains unchanged, as oil             trades near 30.00 levels and 29.60 support where 161.8% Fibonacci exists.

Stable moves blow 32.50 is a negative factor and may bring a test of 29.60, but as we mentioned above, we remain on the sidelines now until we get a confirmation from charts.

Support: 30.00 – 29.60 – 28.70

Resistance: 31.50 – 32.50 – 33.10
TRADE FOR RISKY TRDERS
Direction: Bearish direction, but we will not issue recommendation now.
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