Crude oil fell to a three-month low as Tropical Storm Edouard will avoid most offshore production facilities in the U.S. Gulf Coast as it approaches Texas. Now support for the crude is seen at 5027 and below could see a test of 4929. Resistance is now likely to be seen at 5292, a move above could see prices testing 5459.
Trading Ideas
TRADING RANGE IS 4929-5459.
CRUDE BELOW 120$ BEARISH TILL 116.70-112.40$.
SELL CRUDE @ 5250-280 SL 5320 TGT 5225-5200-5175-5120-5060. MCX
A BREAK AND RETAIN BELOW 5080 CAN BRING TILL 4980-4920 LVL.
MCXARUN
9994500540
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