CRUDE OIL .. crucial levels

The Nifty movement has been more or less lacklustre , in line with US and Asian markets. In fact it seems the world financial markets are at a standstill , waiting for a trigger! Which direction? time will tell but till that time it is a waiting game ...

Crude Oil has been relatively steady near to $80 since a long time.



I expect that the current range of $83 and $76 is good for short term traders who buy on dips and sell in rallies...

Once this range breakout occurs, expect a more steady and directional move. Watch out, it may have the capacity to tell which direction our financial markets will move !

Happy watching !

CA Rajiv D Khatlawala
ValueTrade Academy Pvt Ltd
www.investogyan.com