CRUDEOIL TRADING TIPS FOR 16 MARCH 2018

sell crudeoil below 3940 tgt 3900/3880 sl 3990
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CRUDEOIL: CRUDEOIL trading range for the day is 4010-3890. crudeoil is getting support at 3940 and below same could see a test of 3900 level, And resistance is now likely to be seen at 3970, a move above could see prices testing 4010. crudeoil is trading into negative zone and traders can hold short positions until it closes above 4000 levels. Traders can initiate short positions on every rise until crudeoil closes above 4000  levels.

	R2	R1	S1		S2	TREND
CRUDEOIL	4020	3970	3940		3900	SIDEWAYS